Free Site Registration

Fails Plummet after T+3 Penalty

Traders Magazine, December 2008

Nina Mehta

Exchanges' lists of fail-to-deliver securities shrank dramatically after the Securities and Exchange Commission instituted a new penalty for fails in mid-September. Nasdaq, the New York Stock Exchange, NYSE Arca and the American Stock Exchange have each seen their so-called "threshold list" of fails drop between 53 and 93 percent in less than two months.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?