Oct. 29, 2022
October 29, 2022 Security lending is fundamentally broken in our current frequency of reporting. Its quite honestly ludicrous how slowly we get this data given that it could be entirely automated to update in real time. I want to amplify Dr. Trimbaths comments on the matter, of which Im sure plenty of people have commented for you to reference. However my main concern with this proposal is the lack of information that I as a retail investor have vs the rest of the market insiders. The fact that they have access to this kind of data through the grapevine much sooner and more frequently creates a preferred market that I cannot be apart of. This puts me at a disadvantage, the stock market is not a casino. It should be fair to all parties involved. I should be able to do my research on relevant real-time data, not on backdated guesses. Reporting securities loan information automatically every 15 minutes would be a step in the right direction for making the markets fair and open for everyone. Please, enf orce fairness in the markets. Keep data relevant and frequent. The technical challenge could easily be overcome, we are in the age of high frequency trading. We have the ability to update a number every 15 minutes, this isnt a paper trail.