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Non-Tech : MB TRADING -- Ignore unavailable to you. Want to Upgrade?


To: Peter H. Hodge who wrote (56)4/22/1998 3:09:00 PM
From: John Hunt  Respond to of 7382
 
<< Is there any truth to this, and if so, why would TNTO force someone to cover a short as TNTO is not the brokerage? >>

MB Trading, Inc. is a division of Terra Nova Trading, LLC, all trades are executed by Terra Nova Trading, LLC, a registered Broker-Dealer

mbtrading.com

KTEL is on MB's current 'No Short' list, presumably because of its lack of availability.

John

PS - I didn't get a call as I wasn't short KTEL.



To: Peter H. Hodge who wrote (56)4/22/1998 3:14:00 PM
From: funk  Read Replies (2) | Respond to of 7382
 
Southwest Securities is the Brokerage, TNTO is the ECN that is owned by Southwest.

That is my understanding of it.

I'm an end user, so some of the complexities are still outside my Circle of Comprehension... which I might add, has a very small radius!
LOL

funk



To: Peter H. Hodge who wrote (56)4/22/1998 4:08:00 PM
From: Ross  Read Replies (2) | Respond to of 7382
 
Point of clarification.

TNTO is the Broker Dealer of MB Trading. KTEL positions had to cover their shorts do to the fact that there was no stock available for borrowing. This is how shorting works pure and simple. If your short you have to deliver shares by settlement. If you or Southwest Securities do not have a inventory you MUST cover. That is shorting, that is what happens on thin stocks.

Ross Diltove
MB Trading