Penney has some tough sledding ahead, but that it was the only stock in his portfolio that could return 15 times his investment becauseittrades at a discount to the value of its real estate and inventory.
Risk management has been moving to near real-time or real-time for some years, but the shift of OTC trades to exchanges will accelerate it, Bory added, because participants will be subject to margin calls.
Others say it shows that people should not be promoted from back office to trading because they know how to hide their trades as noted by Tom Steinert-Threlkeld, Editor of Securities Technology Monitor.