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投稿日：2010年06月16日 (水) 22時37分
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The two stocks that have been a perennial churn magnet for every liquidity-rebate collecting, and predatory HFT algorithm in existence, and on occasion have amounted to 20% of total market volume, have been halted and are announcing their intention to delist from the NYSE after receiving a directive from the FHFA.
Look for some really strange market behavior today as quants have to gut and completely recalibrate their signals.
The FHFA noted that the decision to delist FNM and FRE is related to "stock exchange requirements of price levels, curing deficiency."
How about the decision is based on the requirement to not trade companies which are so bankrupt not even the US government wants them on its balance sheet.
And as we have reported previously, the FRBNY is perfectly ok with even taking bankrupt stocks as collateral in the discount window.
Tells you something about the quality of the GSE "assets."
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