July 19, 2008     | Register

FOIA Data On FTDs

The following Freedom of Information Act requested information was released by the SEC - the Fail To Deliver (FTD) levels for specific periods of time.

Note that these do not include any ex-clearing FTDs, commonly believed to be orders of magnitude larger than the "in-system" FTDs, nor do they include internationally generated FTDs which are netted by the offshore clearing houses and not reported.

It is believed that these FTDs are post netting in the CNS system, which nets all delivery failures against shares held long in broker accounts, and only triggers a failure once all those shares have been used to offset the failures in the netting system.

2005-2006 FTDs for ALD - note how they increased when the SEC launched their since dropped probe, which turned up squat?

2004 FTDs for NFI - total outstanding shares around 25-28 million for this period.

2005-2006 FTDs for NFI - total outstanding authorized shares around 29-30 million during this period.

2005 FTDs for OSTK - total outstanding authorized shares 19.8 million for this period.

2004-2006 FTDs for CALM - total outstanding authorized shares 23.5 million as of 2006.

2005 FTDs for NFLX - still awaiting 2004.

2005 FTDs for Global Crossing.

2005 FTDs for TASR.

2006 FTDs for TASR

2005 FTDs for Krispy Kreme

2005 FTDs for HHDG

2005 FTDs for Global Links

2006 FTDs for Vonage

Pegasus FTDs

Inhibitex FTDs

Imergent FTDs

2005-2006 FTDs for all issues on the NYSE - first tab the graph, second tab the numbers.

2005-2006 FTDs for all issues on the OTCBB - Problem getting worse, not better.

SIA Spreadsheet on FTDs for NYSE Member firms - $63 Billion in Q2, 2006!!!

SIA Spreadsheet for FTDs for NYSE Member firms - 20 year history.

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