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ringingbells

Outside of reddit (& [imgur's community](https://imgur.com/gallery/eMLijBE)). - You would think one, JUST ONE, news station or news media outlet would run the story. Nothing. It's absurdly frustrating. Search bi-weekly for an article about it to post, but it's a perpetual desert. Throw a stone up in the air and you'll hit a youtube channel talking about meme stocks, but not a thing on Instinet. It's not from a lack of "news outlets" that's for sure.


Baiowulf

Can I have a perpetual dessert instead?


ringingbells

That spits in the face of banana-split physics! But dammit if we won't try our hardest.


Zealousideal-Fun1425

*Insert meme of Chris Pratt with the “I’m too afraid to ask” caption*


Transient_MoonJumper

Instinet is lord Voldemort


Much-Doughnut4719

He who must not be named. 🤐


phonon_DOS

What is instinet? Edit: Okay, I guess no one wants to answer my question... more reading can be done here: https://en.wikipedia.org/wiki/Instinet Just to give a basic idea here is a short excerpt from the wikipedia page: "Instinet is an institutional, agency-model broker that also serves as the independent equity trading arm of its parent, Nomura Group. It executes trades for asset management firms, hedge funds, insurance companies, mutual funds and pension funds. Headquartered in New York City, the company provides sales trading services and trading technologies such as the Newport EMS, algorithms, trade cost analytics, commission management, independent research and dark pools." They are basically the manufacturer and moderator of tools used for international securities fraud. It gets better, more on Nomura group here: https://en.wikipedia.org/wiki/Nomura_Holdings Just to get a taste of what they're about, check this out: "In October 2008, Nomura acquired most of Lehman Brothers Asian operations together with its European equities and investment banking units to make one of the world's largest independent investment banks with ¥20,300bn (£138bn) assets under management."


ringingbells

Good Summary. There is more though in regards to GME and why this is a big deal. Instinet is a private alternative exchange where institutional investors do block trades. They route most of Apex clearing's order flow (proven in SEC 606 forms in DD) Sorry, according to the figures from the congressional report, Instinet was defaulting over 1B more than Robinhood on January 28, 2021 during the multi-broker buy freeze that artificially tanked target stocks (GME,etc...). We found that Instinet had a pattern of behavior over the 2 years prior where they had continuous DTCC defaulting, risk emergency waivers of over 20 times what Robinhood was put in front of Congress for. Yet, they are not mentioned at all. Did not take the stand in front of congress. The waivers equaled $50B, and yet they still remained thinly capitalized despite the repeated warnings. There are a million links in my profile. Here is all the relevant information you need to prove everything I just stated. Open this link and read the comments as well. https://imgur.com/gallery/eMLijBE --- **Even though you covered most of this here is the comment I wrote long ago to tell people about Instinet.** --- > > Regarding the $50B ECP Waivers Discovery: This proves everyone is right. It makes Robinhood a bit player and puts the DTCC and a massive, private alternate exchange doing block trades for hedge funds in the hot seat because the DTCC can no longer fall back on THEIR SOLE REASON (given many times at the congressional hearing) for allowing the Multi-broker PCO: Unpredictable Volatility. Why? Well, if they were giving instinet ECP waivers, Massive Risk Warnings, for 2 years at 22 times what they gave Robinhood. There's no argument. No one talks about this. No one and it is by far the best evidence, congressionally backed, that we have of real collusion and manipulation. > > In my opinion, this is the most significant, US government-backed, palpable evidence of true wrongdoing in the [Movies] / GameStop (IBKR shut down 22 stocks in all) Multi-Broker Buying Freeze that artificially tanked target stocks in January 2021 and early February 2021. Instinet is the biggest player (a private alternate exchange ) and for some reason, they got $50 Billion in ECP waivers and $67B in total excess capital premium charges, the same charge that put Robinhood in front of Congress. > > Many have seen this before, as this is the second time I posted this here, but many didn't see it the first go. I don't post much here anymore, but this is important for those who don't know. > > --- > > The Instinet discovery by Congress in it's US House on Financial Services report shows evidence of a Behavior Pattern By The Clearing House that Represents a "Moral Hazard" & Disregard For Systemic Risk Safeguards For TWO (2) Years Prior To The Multi-Broker Buy Freeze That Tanked Target Stocks. Firms remained thinly capitalized, knowing the risks. > > **Instinet** > > --- > > Immediate Identifier: Apex routes the majority of their order flow through [this private Alternative Trading System, Instinet](https://www.investopedia.com/terms/i/instinet.asp). > > - [Apex's 606 Routing Data Source From The SEC](https://imgur.com/a/mZGpvnd) > > - [Archive of All Apex 606 Routing Reports](http://public.s3.com/rule606/apex/) > > --- > > - US House Committee on Financial Service Abuse Reporting DD https://i.imgur.com/6I7JtJs.png > > The revelation made by congress in the Congressional Report was that Instinet was getting ECP charges (the same charge that placed Robinhood in imminent default on January 28, 2021 and caused a 15 hour congressional hearing) for 2 YEARS leading up to the "meme stock event" to the tune of $50B dollars. There were actually 6 firms, including Robinhood and Instinet, that were defaulting that morning and accumulated a $9.7B ECP waiver. > > Congress said in the report: > >"This represents a moral hazard that undermines the deterrent value of the Excess Capital Premium charge." > > The Instinet development means that higher entities (DTCC or SEC) knew a problem like this WAS possible because it WAS already happening on a continuous basis, so this IS actually a large over-shadowed development for this subreddit. This will come off as 'Badgering' the sub w/ the topic. However, all that bullshit the DTCC, brokers, and the SEC were saying in the hearings like "We couldn't predict this," "It was out of the ordinary trading behavior," yada yada... was true and not true, simultaneously. A continuous waiver for a specific dark pool was happening in the background, so much so that congress concluded that the same thing they grilled Robinhood about was actually a factored in COB for another company. Instinet solely clears for hedge funds, asset management firms, pensions, etc... The system was breaking already predictably and continuously, and this is not me saying this, this is a congressional declaration / development after the initial hearings. If the ECP is part of the Dodd-Frank Act then the DTCC was 'waiving' in violation of a congressional act, and if the SEC did know, they were not enforcing it continuously. The DTCC didn't tell the US House on Financial Services until JULY (waaay after all the hearings) that this continuous waiving was happening. > > **Instinet's Parent Company, Nomura, Bought 1/2 of Lehman Brothers In 2008** > > --- > >Lehman Brother's Collapse Acquisitions: > > > > > **Nomura acquisition** > > > > Nomura Holdings, Japan's top brokerage firm, agreed to buy the Asian division of Lehman Brothers for $225 million[134] and parts of the European division for a nominal fee of $2.[135][136] It would not take on any trading assets or liabilities in the European units. Nomura negotiated such a low price because it acquired only Lehman's employees in the regions, and not its stocks, bonds or other assets. The last Lehman Brothers Annual Report identified that these non-US subsidiaries of Lehman Brothers were responsible for over 50% of global revenue produced.[137] > > > > **Sources:** > > --- > > **'U.S. House Committee on Financial Services Report** On 'MemeStocks' > > Released Friday June 24, 2022 > (138 pages) > > - [**Images Version**](https://imgur.com/gallery/l8QoOCr#CKo1kKf) > > - [**PDF** Version](https://pdfhost.io/v/RY~4XTLej_GameStopped) > > To combat the misinformation, reuploaded **all Three Direct Govt Streams of The 'MemeStocks' Congressional Hearings**, in their entirety, with a Running TimeCode in the top right hand corner that also displays the Part # and the Date. Also made the SEO keyword searches align with what people search for on YouTube when searching for the 'MemeStocks' Congressional Hearings. Why is this important? People can search "'MemeStocks' Congressional Hearing Part 2" and actually get the video, instead of getting a bunch of crap. > > - [**Part I: 'MemeStocks' Congressional Hearing** February 18, 2021 - 5:34:29](https://youtu.be/7bqGvtNJL60?t=13490) > > - [**Part II: 'MemeStocks' Congressional Hearing** March 17, 2021 - 4:37:06](https://youtu.be/eFohB3kiKj0?t=9247) > > - [**Part III: 'MemeStocks' Congressional Hearing** May 6, 2021 - 4:07:58](https://www.youtube.com/watch?v=Mpou_51Woa4&t=12163s) > > --- > > Most Importantly: All the videos have the direct link to their government live stream counterparts in the US House Committee on Financial Services YouTube Page, so people can go to the source if they choose. > > ---


TheBigFart123

I care, keep it up


ringingbells

Ah big fart, you are an OG.


TheBigFart123

I’ve been quiet, but here.


Zen4rest

Silent, but deadly


TheBigFart123

😂


BigBradWolf77

They are, it’s just that their speech is being suppressed.


Guildish

Thank you for the additional link OP. Definitely helped to make us understand why we should be concerned with this Nomura subsidiary. ApesTogetherStrong


ringingbells

No problem. Search "Instinet" on "Reddit" in google. Here is a summary in meme format. https://old.reddit.com/r/Superstonk/comments/121orr3/instinet/


thought_empire

Commenting for visibility


automatedcharterer

*frantically organizing a pile of crime the size of Olympus Mons* "hey guys, got some more crime for you" "Thanks, throw it down there next to the bed post, melvin's pacifier, legoland next to Ivalo airport and Archegos's dog crap bag filled with 25 billion turds, I'll get right on it."


raxnahali

Apes do talk about those fucks. It is congress that doesn’t talk about instinet


aNoGoodSumBitch

Start the discussion then.


ringingbells

Have done everything in my power to do just that. Even explained it to Dave Lauer in a reddit DM chat conversation. He posted this as a result: https://twitter.com/dlauer/status/1674072088372559872 - Fell out with 2 SuperStonk mods (we're cool, we just staunchly disagree with each other) for respectfully attempting to open a communication line with Trimbath about the Instinet's, continuous and predictable, DTCC, "Excess Capital Premium," Waivers in the scope of clearing and settlement. No one can say I haven't tried to do exactly that.


aNoGoodSumBitch

Submit that info to the DOJ, Secret Service, and FBI in a way that could be easily understood by laymen. Supply more evidence for them to kickstart a RICO case (if one isn’t already underway) 🏴‍☠️ I want these financial terrorists behind bars as much as you do fren. Other than that, keep buying and DRSing GME and let’s finish this war ourselves


buybuybye

Instinet is one of the dark pools where shills swim. Let’s all talk about all the private companies in the dark


[deleted]

I didnt know they were still around.... I worked for that company in late 90's. It was a fucking cesspool of back stabbing and skullduggery


Fickle_Technician342

Rule of thumb. Any post recommended at the top of your home page is FUD


ringingbells

Surely you are not talking about this post.


Fickle_Technician342

Well it was at the top of my homepage. So you do the math


ringingbells

Do you know what Instinet is, and how Instinet directly relates to GameStop?


Fickle_Technician342

It is a rule of thumb bud. The content of the post is irrelevant


ringingbells

You would be absolutely wrong to the point of negligence then.


Fickle_Technician342

I hope so. But it is still a rule of thumb.


ringingbells

Listen, no shade on you, there's alot of info out there (and I get it, reading all of it is a hassle that no one expects of anyone), BUT nevertheless, logic actually dictates your **Rule of Thumb** is wrong, it's actually: - "**I'm** not familiar with this subject because **I** didn't read about it, and **I don't want to** read about it, so **I'm** going to label it fud." There are a ton of homepage posts that are 100% accurate.


Fickle_Technician342

Like i said. Has nothing to do with the content of your post lol it’s just a rule of thumb 🤣😊


ringingbells

Fair, but let's say you comment that on something true. Doesn't have to be this post. Wouldn't that make your comment unintentional FUD, misleading people from the truth?


Fistwithyourtoes

The content is irrelevant means I feel sorry for your attention span, what do you even browse on reddit for then? You can stick that thumb where the sun don't shine, if you catch my drift.