|
PureBytes Links
Trading Reference Links
|
In regards to Shorting IPO's etc.... I have an account with a brokerage
firm that clears through SouthWest Securities. I use Tradecast software with
an NQDS feed on a proprietary (no Internet ) dial in for direct execution
onto the Nasdaq market.
>
>Regarding IPO failures recently, I used to be told that I couldn't short
>IPO for thirty days. Now I can and do.
The Nasdaq reg (so I am told, and thus must trade by ) is that one cannot
short an IPO in the first 30 days, apparently some brokers allow this within
"in house" accounts, how ever with a direct system such as I use I cannot
short in the first 30 days. Also there is NO margin available on IPO's for
that time period as well ...... I'm not sure if this is a Southwest or
Nasdaq reg .....
I wonder how much of a factor this
>might be.>
>Does anyone know if my ability is the result of a rule change or some such
>and thus an important factor to be considered?
I don't know if this is a broker/dealer issue or Nasdaq reg ( I was told
it's a Nasdaq reg) ...... either ..... can any one shed some light ?
Richard
|