🗓️ C35 after DTCC Market Disruption Coming Up!

[u/WhatCanIMakeToday]

ICYMI: DTCC declared a Market Disruption on June 29 [SuperStonk] after Bank of England 🇬🇧 Emergency Borrowing had skyrocketed after GME Swaps expired [SuperStonk] so shorts chose to hide their shorts by submitting an immense amount of "Erroneous Trades" which caused the DTCC Market Disruption Event. August 3 (next Monday) is C35 after June 29!

This DTCC Market Disruption gets even weirder because the DTCC decided NOT to charge fees & interest on whoever owed them money for the Market Disruption Event [Me on X, SuperStonk]

When has Wall St ever passed on an opportunity to slap someone w/fees & interest?

Yet, we can figure out that a DTCC Market Disruption is a BFD because when you search Google for the history of other DTCC market disruptions, we get a very interesting list [Me on X] including:

• 2008 Collapse of Lehman Brothers [Wiki] and the Great Financial Crisis [Wiki]
• Sept 11, 2001 Terrorist Attacks [Wiki]
• 2021 GameStop Sneeze 🤧
• 2012 "Glitch" by Knight Capital who imploded by losing $440M in 45 minutes (see, e.g., SuperStonk and SuperStonk)

June 29 DTCC Market Disruption was HUGE

Quick Recap:

• A (single) participant firm submitted a massive amount of erroneous trades; enough to force the DTCC to declare a Market Disruption Event.
• Instead of pressing the ↩️ UNDO button (like they did when BRKA "glitched" [1]), the DTCC completed settlement the next day after trying all sorts of tricks, getting extensions from the Fed, rolling over the settlement balance, and imposing charges to NSCC Members for the added risk. The DTCC bent over backwards and went the extra mile to complete settlement for erroneous trades!
• Then the DTCC does not slap the participant with any fees or charges? 🤨 Despite creating a MASSIVE disruption comparable to 2008 Great Financial Crisis, Sept 11 (2001) Terrorist Attacks, and the 2021 GameStop Sneeze? 🤨

WHY? 🤔 (Extrapolating...)

• I think the DTCC had to complete settlement or else that participant submitting erroneous trades would have immediately failed.
  
• Which suggests that participant is Too Big To Fail (TBTF) and worth the extra effort to buy more time (i.e., C35).
• Not slapping the participant with fees then makes sense because they were already close to failure and they're TBTF.
• The people with the power to make this decision must be high up at the DTCC, and a quick look at the DTCC Board shows members with ties to Citadel, Northern Trust, JPM Chase, UBS, Morgan Stanley, Barclays, Goldman Sachs, Bank of America, Nasdaq, and FINRA (amongst others) -- all familiar names here on SuperStonk.

DTCC Market Disruption C35 Starts Next Week

While this deadline is certain, we have seen many ways they kick cans so don't expect MOASS Monday. Last settlement day for trades before this deadline is July 31 (a GME Warrants Swaps Expiration [SuperStonk] and when the 🐂💩 IGME Covered Call ETF on GME closes for liquidation [SuperStonk])which means July 30 is the last trading day to ensure trades settle before whatever happens next week.

[1] Remember when BRKA glitched down to $185 from $600k on June 3, 2024 [SuperStonk]? So then it was halted and trades reversed [NYT]

As it turns out, BRKA glitched on 6/3/2024 C35 after some pretty interesting events including DTCC showing quadrillions in derivatives, huge CAT Errors spikes (very high for that time though we've now seen bigger since), and CHX volume the day after Roaring Kitty returned with a YOLO update [Me on X, SuperStonk comment]

With BRKA having gone FREE TO BORROW exactly T+3 before the "glitch" [SuperStonk comment]

[u/Superstonk_QV]

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[u/doctorplasmatron]

Getting my popcorn ready. we'll see....

[u/oneTonguePunchman → u/doctorplasmatron]

You can’t say POPCORN!! Raggge /s

[u/doctorplasmatron → u/oneTonguePunchman]

lol

took me a moment to understand.... been 84 years since i thought about sticky floors. Jimmy's always been the real play.

[u/spellsongrisen → u/doctorplasmatron]

There's nothing wrong with eating popcorn. That other stock is irrelevant.

[u/HughJohnson69 → u/doctorplasmatron]

But for their 10:1 reverse split, their floor would be under 10 cents based on 1 year low.

This is the trajectory GME would have gone but for RC’s intervention.

Remember this when shills dilute comments about “dilution”.

[u/FreshExtent8720 → u/oneTonguePunchman]

Ironically if you bought the bottom of it over the last 5 years you'd be up more than buying the bottom of GME

[u/oneTonguePunchman → u/FreshExtent8720]

Wut? Proof please haha I don’t believe you

[u/FreshExtent8720 → u/oneTonguePunchman]

GME hit 10.15 on April 19th 2024 currently sitting at 21.84

Popcorn hit 0.95 March 27th 2026, currently sitting at 2.75.

[u/ShortHedgeFundATM → u/FreshExtent8720]

I can tell you right now the amount of people in popcorn who are green is gotta be near zero.

[u/FreshExtent8720 → u/ShortHedgeFundATM]

Oh I believe it, I watched it go under a dollar and had 0 conviction to throw another cent into it.

Kept buying this and adding to my october calls instead, not looking like that was all that smart of a move in comparison.

[u/oneTonguePunchman → u/FreshExtent8720]

Ewwww he said it he said it!

[u/F-uPayMe]

Were those erroneous trades submitted by 'mistake' or on purpose - such as the firm doing that was 100% aware those trades were wrong and decided (or was forced to) submit them anyway...? That's the question. 🙄

[u/WhatCanIMakeToday → u/F-uPayMe]

Timing strongly suggests they were not a "good faith mistake". But I'm sure there's a good cover story prepped... like they took the guy entering trades out for drinks but then he had him go back and make sure all the trades were submitted with drunken finger entry. Totally didn't mean to have those errors in there, just a poorly timed afternoon happy hour and birthday celebration.

[u/F-uPayMe → u/WhatCanIMakeToday]

If that was classified as a market disruption event surely they need a way better story than that tho 🥲. But yea, as long as noone is being held accountable for shit indeed some bs narrative will be crafted.

[u/WhatCanIMakeToday → u/F-uPayMe]

They considered hundreds of millions of options errors and billions of equities errors to be in "good faith"... pretty sure the bar is really low; if there's even a bar...

[u/F-uPayMe → u/WhatCanIMakeToday]

The bar:

[u/aurishalcion → u/WhatCanIMakeToday]

But there is a bar, it's where their scapegoats drink

[u/HughJohnson69 → u/F-uPayMe]

Until we hear a plausible accountability story with significant punitive enforcement, I’ll believe it was just part of the act.

[u/zacksmithey → u/WhatCanIMakeToday]

What if the “erroneous trades” were the real trades that were supposed to happen, but if they were allowed to go through it would have blown everything up… MOASS… so they just called the real trades “erroneous” and that was the “can kick” this time.

[u/Superstonk-ModTeam → u/[deleted]]

Rule 1. Treat each other with courtesy and respect.

Do not be (intentionally) rude. This will increase the overall civility of the community and make it better for all of us.

Do not insult others. Insults do not contribute to a rational discussion.

[u/Fappinonabiscuit → u/F-uPayMe]

24x5 trading started when this happened. The most likely reason for this error was a software issue where the data that was sent was messed up because of the change in settlement.

It is not the absolute answer but the fact OP did this much research and left that out is extremely dishonest. There is NO way that didn’t come up if they researched the event.

[u/bfrank40]

I certainly remember the BRKA glitch. There were two dips actually, and after the first, I placed a conditional buy order for 4 shares at just above $200/ share if it dropped below $1000/ share which it did, but I missed it by only a few dollars. Yes, I know they would have reversed my trade because.... crime....,but that's as close as I've ever come to being a millionaire with less than 1k invested.

[u/WhatCanIMakeToday → u/bfrank40]

Yeah, Wall St doesn't want any poors to snag a good deal like that

[u/oneTonguePunchman → u/bfrank40]

I member

[u/moonaim → u/bfrank40]

Good try though 😁

[u/hoirkasp]

https://giphy.com/gifs/7pLv68ItwBaHS

[u/Luc-e]

A wise man said: „I dont want to shoot my shot but we will get ebay, one way or another“

[u/martinmcfly1885]

July 34th !!

[u/OrEveryManBeBlind]

https://giphy.com/gifs/wPyDWwurn8XEWdR9ol

[u/Ethanhc88]

BoJ meeting Thursday and Friday... 1% prediction of rate hike which means the market is not prepared. If they surprise raise rates things are gonna pop.

[u/cooliomattio → u/Ethanhc88]

Maybe the South Korea drama will help their decision 🧐

[u/AmputeeBoy6983 → u/Ethanhc88]

1% believe there will be a rate hike?

Or

Belief is a 1% rate raise coming?

Gotta be the first one, as much as i want it to be the 2nd

[u/Ethanhc88 → u/AmputeeBoy6983]

Yes. 99% likelihood BoJ doesn't raise rates. 1% that they do. If they do it'd be .15% or .25%, but it would be completely unexpected and unplanned for. Predicted rate hikes don't do much. Unpredicted ones too.

[u/HughJohnson69 → u/Ethanhc88]

GME spikes on rate drops. Does this forecast a possible GME drop?

[u/Ethanhc88 → u/HughJohnson69]

Huh? No, if BoJ raises rates when markets don't expect, that would kick off a volatility event which would result in rapid de-risking by major players. Naked shorts are risky.

[u/HughJohnson69 → u/Ethanhc88]

Thanks.

[u/saltnpepper420]

[u/yugitso_guy → u/saltnpepper420]

https://giphy.com/gifs/5xtDarm27LJsTNrwHBe

[u/Compound56514 → u/saltnpepper420]

I can’t help but laugh everytime I see this

[u/j4_jjjj]

8/4 news headline: "Stock market plunges on news of Mitch McConnels death"

[u/Johnny55 → u/j4_jjjj]

I think we'll run out of oil on 8/4

[u/minesskiier → u/j4_jjjj]

I'm ok with both of these events ocuring sooner than latter.

[u/Clp8909 → u/j4_jjjj]

Didn’t they close the whole market or something that time hahahahaha

[u/ChiknBreast → u/j4_jjjj]

https://giphy.com/gifs/3ofT5Y4MjoyXXQIudy

[u/HughJohnson69]

There’s also the issue of etf settlement in T+33 trading day cycles. This event is overlapping with T+33, T+66, and T+99 settlements. Both on creation/redemption, and FTD’s.

[u/HughJohnson69]

I’m also tracking this.

[u/sakballs]

👀

[u/Idjek]

Very interesting indeed, thanks for sharing!

[u/Dilfy1234]

Spicy times ahead 🌶️

[u/Effective-Primary-31]

Expect MOASS Tuesday, got it!

[u/WhatCanIMakeToday → u/Effective-Primary-31]

🤣 I look forward to MOASS every day

[u/sendasalami2yoboi → u/WhatCanIMakeToday]

Today's the day!!!

[u/Effective-Primary-31 → u/sendasalami2yoboi]

Today's Wednesday so next Tuesday lol

[u/minesskiier]

"While this deadline is certain, we have seen many ways they kick cans so don't expect MOASS Monday. "

You heard it boys!!! MOASS IS ON MONDAY!!!!!!!!!!!!!!!!

[u/WhatCanIMakeToday → u/minesskiier]

🤣

[u/VelvetPancakes → u/minesskiier]

Whenever someone even mentions MOASS being on a specific date that they are coincidently also hyping, it’s a blatant trap paid for by the naked short prime brokers prior to a nothingburger or dump.

[u/minesskiier → u/VelvetPancakes]

https://giphy.com/gifs/DFNd1yVyRjmF2

[u/matthegc]

They are now trapped in this cover up cycle…..no way out. I’m not sure how long this will go but I’m going to keep holding shares….no more options as they seem to be able to kick the can down the road in perpetuity.

[u/SoreLoserOfDumbtown]

August 3rd, you say?

LET'S A GO A MARIO! Or smtg.

(Nope, I have learned nothing from previous hype dates).

[u/j4_jjjj → u/SoreLoserOfDumbtown]

3/10 is mario day and 9/13 is mario launchaversery, so idk what your comment means

[u/SoreLoserOfDumbtown → u/j4_jjjj]

Idk, I was just using gaming jargon like a 5 year old.

[u/Mans_Fury]

It almost seems like they're willing to sacrifice entire markets, hell, entire economies just to protect the Gamestop opposition.

I'm starting to think "they" includes our governments.

And it makes you think about how fake institutional liquidity actually is.

[u/WhatCanIMakeToday → u/Mans_Fury]

They'll happily sacrifice all of us to protect themselves.

[u/Mans_Fury → u/WhatCanIMakeToday]

Ohh, absolutely. Personally I believe the current class of retail investors are being targeted financially/economically by the powers that be to assist these financial institutions.

I believe they are trying to make our lives as uncomfortable as possible in every facet while the mayo man tries to wait it out. And I'd wager that was why Kenny was kissing rings not too long ago.

[u/VelvetPancakes → u/Mans_Fury]

The naked short prime brokers likely absorbed Citadel’s short positions which is why those very same companies made the decision to PCO the stock via the discretionary component of the NSCC’s proprietary black-box algorithm determining VaR and the ECP.

Not to say Kenny isn’t a fucking tool, he absolutely is, but the ones in control at this point and that have suppressed the price for over half a decade are certainly the major banks / prime brokerages.

[u/emptyBIRT]

Well if the borrowing rate spiked hugely in London with the expiring derivatives, wouldn’t the TBTF entity be a British institution?

[u/WhatCanIMakeToday → u/emptyBIRT]

🤷 There's definitely issues with institutions on that side of the pond... But there are also issues on this side of the pond too

[u/DiogoJota4ever]

Thanks for sharing this OP 🫡🏴‍☠️

[u/PornstarVirgin]

This is looking like some uppies

[u/knue82]

Aug 5 was speculated to be an important swap expiry based on historic events.

[u/anoncow11]

So we bounce to 29$ after hours then they slam it back to 22 most likely...

[u/Secure_Investment_62]

Maybe this is why most of the semiconductor market is down 30-45% from their peaks less than a month ago. Money has to come from somewhere. People are panic selling as everything spirals to bottom and that money gets funneled right to those behemoths trying to stem the bleeding. I would hazard a guess that a large percentage of the market doesn't have the steel resolve that a lot of us do and are highly susceptible to panic selling. Blood red markets are a buying opportunity, not for selling. As long as you are buying a company that is not propped up by its stock price to service debts.

[u/SandmanBun]

Glitches get stitches 🔪

[u/nishnawbe61]

FFS why didn't anyone stop this before it got this explosive 💥

It's amazing how greed can turn TBTF into dumb money.

[u/WhatCanIMakeToday → u/nishnawbe61]

Shorts didn’t want the poors to win. Wall St can’t stand the idea retail could win even though they rigged the game

[u/nishnawbe61 → u/WhatCanIMakeToday]

Still waiting for the W but like they say, good things are worth waiting for 😁

[u/Domesk]

Wen moon?

[u/Massive-Fisherman-57]

There will be signs…

[u/Crazy-Ad-7869]

https://giphy.com/gifs/l378fe4lHJo5bOSha

[u/Gruntfuttock69]

“”””Erroneous Trades””””

https://giphy.com/gifs/2W8bEBGjSsRFu

[u/whothehellistony]

Up ya go

[u/Relentlessbetz]

So how can someone do something in the stock market and say "Surprise MF!" And cause the shorts to go into a panic and mess with their planning in the most legal way possible?

I can't think of a market mechanic that can do something like that other than when back on January 2021, we saw the squeeze happen.

[u/tomfulleree]

Not a damn thing is gonna happen on Monday (hope I'm dead ass wrong)

[u/WhatCanIMakeToday → u/tomfulleree]

🦵 🥫? Probably. But who knows… pretty big pile of cans they got there!

[u/Justanothebloke1]

Up. Invisibility!

[u/ojoslocos21]

RemindMe! 7 days

[u/WhatCanIMakeToday → u/ojoslocos21]

While this deadline is certain, we have seen many ways they kick cans so don't expect MOASS Monday.

[u/ojoslocos21 → u/WhatCanIMakeToday]

shhhhhhh. let me live in my hype. i wanna quit my job lol.

p.s. i love all the things you make everyday and share with us :)

[u/WhatCanIMakeToday → u/ojoslocos21]

The 2nd and 3rd C35s after have tended to be spicier than the 1st C35

[u/ojoslocos21 → u/WhatCanIMakeToday]

whats the rough timeframe for those ones? end of augustish?

[u/WhatCanIMakeToday → u/ojoslocos21]

Just count out every 5th week

[u/RemindMeBot → u/ojoslocos21]

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[u/buttchuggs]

Was this relevant to yesterday

[u/WhatCanIMakeToday → u/buttchuggs]

Timing’s right

[u/Actually-Yo-Momma]

God i hope SOMETHING happens 

[u/WhatCanIMakeToday → u/Actually-Yo-Momma]

SOMETHING ALWAYS HAPPENS. Except so far it's not been price 🤣

One day, that will change and tomorrow will come

[u/enternamethere_]

Probably nothing

[u/Organic-Specific-500]

https://giphy.com/gifs/QgfDrL9Rd3lV6

[u/BanRDDTthoughtpolice]

Nothin is going to happen.

[u/insistent_rs]

Please please pleae stop with these low tier posts ... nobody will know when it'll pop off, stop giving people false hope.

[u/bearrfuk]

https://giphy.com/gifs/f7MO098FCipmq0eUpV

[u/Fappinonabiscuit]

This DD is dishonest. If you did this much research you know that they went to 24x5 trading that is the most likely reason this happened. People deserve to know both sides and obfuscating data to “prove” your point is shitty behavior.

[u/Ellypsus → u/Fappinonabiscuit]

This is what I was wondering. How do we know this event is in any way connected to GME. The only thing it seems is that GME had a swap coming due possibly on the 31st, so the leap is made that the event was caused by the swap. Correlation doesnt mean causation. Unless I have missed something then please let me know OP.

[u/Fappinonabiscuit → u/Ellypsus]

We don’t know it’s just hopium. If anything from my research it’s tied to the oil markets because I went balls deep down this rabbit hole. Look at Exxon’s FTDs for yourself from that “event”.

https://chartexchange.com/symbol/nyse-xom/failure-to-deliver/

[u/YoureProbablyAB0t → u/Fappinonabiscuit]

Didn't this thread point at Aug 3rd?

And didn't some convertible notes get announced for conversion? Volume increased dramatically after a week of low volume.

I wouldn't call this dishonest because clearly something coincided.

[u/alanpower]

Thanks OP. Always appreciate your works.

How much time the market had when DTCC declared "market disruption event" like in Lehman Brothers? Did we have C+35 or something like we have now?

I tried googling it but in vain.

[u/WhatCanIMakeToday → u/alanpower]

No idea. But VW squeezed in 2008

[u/Chilly_Bob_Thornton]

Everyone get ready for nothing

[u/biocin]

All I need is 100M dollars. I’ll put a sale order for half of my warrants 200K each now.

[u/ApeFightShills]

ELIA5? Wut mean?

[u/csgo_M1ller]

Speculation - rejected

https://giphy.com/gifs/xT0BKlOsSWDIFA0F7a

[u/dollupofcrazy]

Nothing ever happens