Den seneste tids voldsomme spekulationshandel i USA har rejst krav om et politisk indgreb fra både Demokraterne og Republikanerne, og der kommer en høring i Kongressen. Saxo Bank, der har fulgt udviklingen intenst, tror, at der kommer et forbud mod at sælge den “order flow information”, der fremmer en spekulation som i GameStop-aktien. Det er informationer, der skabes i kraft af algoritmer, og som Robinhood har brugt i sin mægler-aktivitet. Spekulationen mod short-aktier har ført til et likviditetsdræn hos mange mæglere.
Uddrag fra Saxo Bank:
Short squeeze
Will the Short Squeeze “attack on Wall Street” resume or have we seen the peak?
The shutdown in trading of key stocks Friday triggered an outrage among the groups of traders aimed at pumping these names to new heights and it was remarkable to see populists voices on both the left (US Congresswoman AOC) and the right (Donald Trump, Jr.) tweeting their ire at the decision.
The situation has garnered so much attention that Democrats in both the House and the Senate announced the intent to hold hearings soon on online trading platform practices.
Our conviction is that the most likely angle for a regulatory change is the elimination of the ability to sell order flow information to other operators, which is the key feature that allowed the controversial Robinhood broker to offer “free” commissions to its customers.
This practice is not legal anywhere else.
Short squeeze in US stocks disrupted in part by broker limitations on trading key names.
Nearly every stock that was a target of the short squeeze phenomenon dropped heavily yesterday, regardless of whether it was one of the stocks at the center of the recent attention on most shorted stocks (GME, AMC, NOK) or one of the many other most-shorted names that have been less in the limelight.
This was in part due to US brokers limiting buying in key stocks yesterday, they claimed in part due to regulatory capital requirements, as US broker Robinhood, for example, had apparently drawn down a credit facility and announced after hours that it was raising new funding to enable full access to trade these shares again, which buoyed many of the names in later trading.
After trading below 200 yesterday, GameStop stock, for example, leapt to above 300 dollars in late trading after the close on this news.
