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Non-Tech : MB TRADING

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To: Ross who wrote (107)5/3/1998 8:54:00 PM
From: eWhartHog  Read Replies (1) of 7382
 
If you demand a buy-in of less than 100% of outstanding MB short positions in a stock, how is this allocated among customers? Is the allocation solely up to MB's discretion, or do you use a system such as LIFO, FIFO, random selection, or a percentage of each outstanding position? Also, are you aware of the method used by Southwest Securities to allocate partial buy-in demands among their various clients, including MB? This is a matter of interest to shorts which never seems to be included in brokerage firm disclosure statements.
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