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Gold/Mining/Energy : Esprit Exploration Ltd.

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To: no1coalking who wrote (2709)	8/14/2008 4:02:42 PM
From: no1coalking	of 2774

The Option Market Maker: Friend or Crook? Options market makers are to blame." Sorry, I though one of those links at the end of the story took you to the actual story as pulished. Apparently they don't. Here's the link to the story: tradersmagazine.com Reg SHO Fails Reviewed August 2008 By Peter Chapman Options market makers are to blame. New data released by the Securities and Exchange Commission indicates that many shares sold short but not delivered to buyers are shorted by options dealers. That could lead the SEC to eliminate or tighten up the exception to Regulation SHO granted to options market makers who fail to deliver securities when they short stock. The SEC gathered and made public the statistics at the behest of options market makers such as Susquehanna Investment Group and Group One Trading. The SEC looked at several sets of data. One set came from a large clearing organization and covered January and February 2008. During this time, on one day, the options market maker exception was claimed in 16 securities, representing fails to deliver covering 6.4 million shares. The SEC also released an analysis done by its Office of Economic Analysis comparing fails to deliver before and after the elimination of the so-called "grandfather" provision for cash equities dealers. It found that extended fails to deliver in securities that were not optionable "declined significantly" after that elimination, while fails in optionable stocks "increased significantly." The regulator is gathering public comment on the issue through the 13th of this month. (c) 2008 Traders Magazine and SourceMedia, Inc. All Rights Reserved. tradersmagazine.com sourcemedia.com For more information on related topics, visit the following channels: Regulation ©2008 Traders Magazine and SourceMedia, Inc. All rights reserved. SourceMedia is an Investcorp company. Use, duplication, or sale of this service, or data contained herein, is strictly prohibited.

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