Increased capital requirements at the DTCC (which I believe you are referring to) were the result of an equation - not due to some discretionary decision.

Yes, why isn’t the DTCC testifying? How does their algorithm set the collateral price? How does a phone call get the collateral price reduced by a billion dollars? Overall it seems that DTCC is a major shadow player that most people never knew about.

Overall I think this entire situation is a combination of sketchy abuse of special power (naked short selling and failure to deliver with little/no consequence) and unforeseen side effects (DTCC able to make entire funds, brokers, and exchanges instantly insolvent over night) leading to the Everyman feeling like they have been cheated by the incumbents. I don’t know the correct path forward but I’ve certainly learned more than I’d expected about order flow.

In an interview yesterday on CNBC the chairman (and founder) of Interactive Brokers (very large brokerage firm) made a suggestion: Outstanding short interest should be reported daily (rather than monthly as of right now) and margin requirements should increase by 1 percentage point for every percentage point increase of the outstanding short interest.

would you be able to elaborate?

Here's a good explanation by Matt Levine: https://www.bloomberg.com/opinion/articles/2021-01-29/reddit... under "Why did Robinhood stop them?"

Cool. Thanks