{"id":44412,"date":"2022-11-17T23:53:56","date_gmt":"2022-11-18T04:53:56","guid":{"rendered":"https:\/\/prefblog.com\/?p=44412"},"modified":"2022-11-17T23:53:56","modified_gmt":"2022-11-18T04:53:56","slug":"november-17-2022","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=44412","title":{"rendered":"November 17, 2022"},"content":{"rendered":"

So apparently, the Powers That Be are annoyed at brokers encouraging stupid trading<\/a>:<\/p>\n

Gamification is the practice of incentivizing users to trade more frequently or in larger amounts by adding game-like features to trading platforms. Competitive features such as leaderboards, which display the names of users who do the most trades per day, or images of badges or bursts of confetti that reward a first trade in a margin account or a family referral, are encouraging investors to trade more often.<\/p>\n

As well, the OSC found investors who were shown lists of \u201ctop-traded\u201d or \u201cmost popular\u201d stocks were 14 per cent more likely to buy and sell the company shares that they are nudged toward. Top-stock lists promote \u201cherding\u201d behaviour \u2013 where a person follows what others are doing rather than deciding independently.<\/p>\n

Herding can result in \u201csignificantly poorer\u201d returns for investors, the report said, citing a separate study that showed an average 20-day return of minus 4.7 per cent for top stocks purchased each day. That\u2019s because herding increases trading frequency, and can shift investors into higher-risk securities.<\/p><\/blockquote>\n

I’ll take this initiative seriously when they start cracking down on brokers encouraging stop-loss orders and making market orders the default.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
HIMIPref\u2122 Preferred Indices
\nThese values reflect the December 2008 revision of the HIMIPref\u2122 Indices<\/strong>
\nValues are provisional and are finalized monthly<\/td>\n<\/tr>\n
Index<\/td>\nMean
\nCurrent
\nYield
\n(at bid)<\/td>\n		Median
\nYTW<\/td>\n		Median
\nAverage
\nTrading
\nValue<\/td>\n		Median
\nMod Dur
\n(YTW)<\/td>\n		Issues<\/td>\nDay’s Perf.<\/td>\nIndex Value<\/td>\n<\/tr>\n
Ratchet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.4544 %<\/td>\n2,316.1<\/td>\n<\/tr>\n
FixedFloater<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.4544 %<\/td>\n4,442.3<\/td>\n<\/tr>\n
Floater<\/td>\n8.64 %<\/td>\n8.84 %<\/td>\n45,926<\/td>\n10.46<\/td>\n2<\/td>\n-0.4544 %<\/td>\n2,560.1<\/td>\n<\/tr>\n
OpRet<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1371 %<\/td>\n3,328.6<\/td>\n<\/tr>\n
SplitShare<\/td>\n5.11 %<\/td>\n7.28 %<\/td>\n41,622<\/td>\n2.82<\/td>\n8<\/td>\n0.1371 %<\/td>\n3,975.1<\/td>\n<\/tr>\n
Interest-Bearing<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n0.1371 %<\/td>\n3,101.5<\/td>\n<\/tr>\n
Perpetual-Premium<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.2214 %<\/td>\n2,571.3<\/td>\n<\/tr>\n
Perpetual-Discount<\/td>\n6.62 %<\/td>\n6.76 %<\/td>\n81,947<\/td>\n12.87<\/td>\n34<\/td>\n-0.2214 %<\/td>\n2,803.9<\/td>\n<\/tr>\n
FixedReset Disc<\/td>\n5.53 %<\/td>\n7.71 %<\/td>\n86,654<\/td>\n11.97<\/td>\n63<\/td>\n-0.1992 %<\/td>\n2,179.0<\/td>\n<\/tr>\n
Insurance Straight<\/td>\n6.55 %<\/td>\n6.75 %<\/td>\n83,944<\/td>\n12.81<\/td>\n18<\/td>\n-0.5151 %<\/td>\n2,749.8<\/td>\n<\/tr>\n
FloatingReset<\/td>\n9.21 %<\/td>\n9.83 %<\/td>\n41,052<\/td>\n9.59<\/td>\n2<\/td>\n0.2894 %<\/td>\n2,531.6<\/td>\n<\/tr>\n
FixedReset Prem<\/td>\n6.70 %<\/td>\n6.47 %<\/td>\n411,177<\/td>\n4.21<\/td>\n1<\/td>\n0.4768 %<\/td>\n2,353.8<\/td>\n<\/tr>\n
FixedReset Bank Non<\/td>\n0.00 %<\/td>\n0.00 %<\/td>\n0<\/td>\n0.00<\/td>\n0<\/td>\n-0.1992 %<\/td>\n2,227.4<\/td>\n<\/tr>\n
FixedReset Ins Non<\/td>\n5.42 %<\/td>\n7.73 %<\/td>\n43,840<\/td>\n12.03<\/td>\n14<\/td>\n0.3935 %<\/td>\n2,319.4<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Performance Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nChange<\/td>\nNotes<\/td>\n<\/tr>\n
TD.PF.D<\/td>\nFixedReset Disc<\/td>\n-5.41 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 8.05 %<\/td>\n<\/tr>\n
NA.PR.S<\/td>\nFixedReset Disc<\/td>\n-2.49 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 17.21
\nEvaluated at bid price : 17.21
\nBid-YTW : 8.17 %<\/td>\n<\/tr>\n
FTS.PR.K<\/td>\nFixedReset Disc<\/td>\n-1.82 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 16.20
\nEvaluated at bid price : 16.20
\nBid-YTW : 8.19 %<\/td>\n<\/tr>\n
BAM.PF.C<\/td>\nPerpetual-Discount<\/td>\n-1.77 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 17.80
\nEvaluated at bid price : 17.80
\nBid-YTW : 6.94 %<\/td>\n<\/tr>\n
BIP.PR.F<\/td>\nFixedReset Disc<\/td>\n-1.75 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 19.70
\nEvaluated at bid price : 19.70
\nBid-YTW : 7.97 %<\/td>\n<\/tr>\n
GWO.PR.N<\/td>\nFixedReset Ins Non<\/td>\n-1.58 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 12.44
\nEvaluated at bid price : 12.44
\nBid-YTW : 8.05 %<\/td>\n<\/tr>\n
SLF.PR.C<\/td>\nInsurance Straight<\/td>\n-1.55 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 17.73
\nEvaluated at bid price : 17.73
\nBid-YTW : 6.39 %<\/td>\n<\/tr>\n
BAM.PF.G<\/td>\nFixedReset Disc<\/td>\n-1.50 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 15.76
\nEvaluated at bid price : 15.76
\nBid-YTW : 9.03 %<\/td>\n<\/tr>\n
IFC.PR.K<\/td>\nPerpetual-Discount<\/td>\n-1.47 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 20.10
\nEvaluated at bid price : 20.10
\nBid-YTW : 6.65 %<\/td>\n<\/tr>\n
BAM.PR.N<\/td>\nPerpetual-Discount<\/td>\n-1.45 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 17.65
\nEvaluated at bid price : 17.65
\nBid-YTW : 6.86 %<\/td>\n<\/tr>\n
ELF.PR.H<\/td>\nPerpetual-Discount<\/td>\n-1.44 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 20.51
\nEvaluated at bid price : 20.51
\nBid-YTW : 6.80 %<\/td>\n<\/tr>\n
SLF.PR.D<\/td>\nInsurance Straight<\/td>\n-1.39 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 17.74
\nEvaluated at bid price : 17.74
\nBid-YTW : 6.38 %<\/td>\n<\/tr>\n
CCS.PR.C<\/td>\nInsurance Straight<\/td>\n-1.32 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 19.45
\nEvaluated at bid price : 19.45
\nBid-YTW : 6.54 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n-1.26 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 18.02
\nEvaluated at bid price : 18.02
\nBid-YTW : 6.93 %<\/td>\n<\/tr>\n
GWO.PR.L<\/td>\nInsurance Straight<\/td>\n-1.17 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 21.15
\nEvaluated at bid price : 21.15
\nBid-YTW : 6.80 %<\/td>\n<\/tr>\n
BAM.PR.M<\/td>\nPerpetual-Discount<\/td>\n-1.11 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 17.75
\nEvaluated at bid price : 17.75
\nBid-YTW : 6.82 %<\/td>\n<\/tr>\n
TRP.PR.B<\/td>\nFixedReset Disc<\/td>\n-1.06 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 11.18
\nEvaluated at bid price : 11.18
\nBid-YTW : 9.15 %<\/td>\n<\/tr>\n
MFC.PR.M<\/td>\nFixedReset Ins Non<\/td>\n1.02 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 17.90
\nEvaluated at bid price : 17.90
\nBid-YTW : 7.73 %<\/td>\n<\/tr>\n
PWF.PR.Z<\/td>\nPerpetual-Discount<\/td>\n1.09 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 19.41
\nEvaluated at bid price : 19.41
\nBid-YTW : 6.71 %<\/td>\n<\/tr>\n
MFC.PR.F<\/td>\nFixedReset Ins Non<\/td>\n1.33 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 12.95
\nEvaluated at bid price : 12.95
\nBid-YTW : 8.13 %<\/td>\n<\/tr>\n
GWO.PR.M<\/td>\nInsurance Straight<\/td>\n1.34 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 21.66
\nEvaluated at bid price : 21.91
\nBid-YTW : 6.73 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n1.43 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 17.75
\nEvaluated at bid price : 17.75
\nBid-YTW : 7.56 %<\/td>\n<\/tr>\n
BAM.PF.I<\/td>\nFixedReset Disc<\/td>\n1.48 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 21.67
\nEvaluated at bid price : 22.00
\nBid-YTW : 7.66 %<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\n2.00 %<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 15.33
\nEvaluated at bid price : 15.33
\nBid-YTW : 7.99 %<\/td>\n<\/tr>\n
PVS.PR.G<\/td>\nSplitShare<\/td>\n2.15 %<\/td>\nYTW SCENARIO
\nMaturity Type : Option Certainty
\nMaturity Date\t: 2026-02-28
\nMaturity Price : 25.00
\nEvaluated at bid price : 23.75
\nBid-YTW : 7.00 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n
Volume Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nShares
\nTraded<\/td>\n		Notes<\/td>\n<\/tr>\n
TRP.PR.D<\/td>\nFixedReset Disc<\/td>\n59,025<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 15.73
\nEvaluated at bid price : 15.73
\nBid-YTW : 8.92 %<\/td>\n<\/tr>\n
BAM.PF.D<\/td>\nPerpetual-Discount<\/td>\n55,062<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 18.02
\nEvaluated at bid price : 18.02
\nBid-YTW : 6.93 %<\/td>\n<\/tr>\n
BMO.PR.W<\/td>\nFixedReset Disc<\/td>\n51,800<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 17.75
\nEvaluated at bid price : 17.75
\nBid-YTW : 7.56 %<\/td>\n<\/tr>\n
NA.PR.E<\/td>\nFixedReset Disc<\/td>\n44,050<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 20.30
\nEvaluated at bid price : 20.30
\nBid-YTW : 7.34 %<\/td>\n<\/tr>\n
TD.PF.A<\/td>\nFixedReset Disc<\/td>\n34,338<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 17.16
\nEvaluated at bid price : 17.16
\nBid-YTW : 7.85 %<\/td>\n<\/tr>\n
POW.PR.D<\/td>\nPerpetual-Discount<\/td>\n28,000<\/td>\nYTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 19.00
\nEvaluated at bid price : 19.00
\nBid-YTW : 6.68 %<\/td>\n<\/tr>\n
There were 19 other index-included issues trading in excess of 10,000 shares.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n
Wide Spread Highlights<\/strong><\/td>\n<\/tr>\n
Issue<\/td>\nIndex<\/td>\nQuote Data and Yield Notes<\/td>\n<\/tr>\n
SLF.PR.H<\/td>\nFixedReset Ins Non<\/td>\nQuote: 15.33 – 23.50
\nSpot Rate : 8.1700
\nAverage : 4.4507<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 15.33
\nEvaluated at bid price : 15.33
\nBid-YTW : 7.99 %<\/td>\n<\/tr>\n

RY.PR.O<\/td>\nPerpetual-Discount<\/td>\nQuote: 20.64 – 23.50
\nSpot Rate : 2.8600
\nAverage : 2.2424<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 20.64
\nEvaluated at bid price : 20.64
\nBid-YTW : 5.97 %<\/td>\n<\/tr>\n

TD.PF.M<\/td>\nFixedReset Disc<\/td>\nQuote: 23.61 – 24.65
\nSpot Rate : 1.0400
\nAverage : 0.6756<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 23.22
\nEvaluated at bid price : 23.61
\nBid-YTW : 7.17 %<\/td>\n<\/tr>\n

TD.PF.D<\/td>\nFixedReset Disc<\/td>\nQuote: 17.50 – 19.07
\nSpot Rate : 1.5700
\nAverage : 1.3363<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 17.50
\nEvaluated at bid price : 17.50
\nBid-YTW : 8.05 %<\/td>\n<\/tr>\n

BAM.PR.K<\/td>\nFloater<\/td>\nQuote: 12.05 – 13.10
\nSpot Rate : 1.0500
\nAverage : 0.8525<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 12.05
\nEvaluated at bid price : 12.05
\nBid-YTW : 8.84 %<\/td>\n<\/tr>\n

NA.PR.S<\/td>\nFixedReset Disc<\/td>\nQuote: 17.21 – 17.80
\nSpot Rate : 0.5900
\nAverage : 0.3950<\/p>\n

YTW SCENARIO
\nMaturity Type : Limit Maturity
\nMaturity Date\t: 2052-11-17
\nMaturity Price : 17.21
\nEvaluated at bid price : 17.21
\nBid-YTW : 8.17 %<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

So apparently, the Powers That Be are annoyed at brokers encouraging stupid trading: Gamification is the practice of incentivizing users to trade more frequently or in larger amounts by adding game-like features to trading platforms. …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-44412","post","type-post","status-publish","format-standard","hentry","category-market-action"],"_links":{"self":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44412","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=44412"}],"version-history":[{"count":0,"href":"https:\/\/prefblog.com\/index.php?rest_route=\/wp\/v2\/posts\/44412\/revisions"}],"wp:attachment":[{"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=44412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=44412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prefblog.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=44412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}