Wednesday, September 09, 2009

Deep Capture Thread

I can't believe that it's been a year since my ranting about short selling.

Not wanting to give up on a good rant, I started a thread on DeepCapture.com about the OSRTX (Open Source Real Time eXchange).

Deep Capture claims that the black box regulatory system of the DTCC and SEC have been captured. This capture harms legitimate business.

An Open Source Real Time eXchange would directly answer the challenge. An open source project allows for greater transparency in the operation of the exchange. An exchange that traded stock in real time would eliminate naked short selling as it demands that all stock be identified before being sold.

So, as I wait to see if anyone at DeepCapture responds to the thread, I thought I would add some elevator music to my blog with ticked off people singing "Unsustainable."

1 comment:

Reach Upward said...

The open exchange concept is strongly opposed by those that earn a profit based on control of information and those that take a piece of each transaction by claiming a monopoly on 'security' in trading.