MMI

greytoc

It entirely depends on what you mean by "industry". The investment management/trading/securities industry is very broad. And there are conferences on many different aspects of the industry. Many of the better conferences tend to be focused on some aspect of the industry. The ones that I've attended in the past when I worked directly in the industry that I remember include events from SIFMA, MMI, and the FIX community. [https://fixtrading.org/events/](https://fixtrading.org/events/) [https://events.sifma.org/](https://events.sifma.org/) [https://www.mminst.org/events](https://www.mminst.org/events)

ZZ_Reaper


greytoc

That's not the same thing as working professionally as an IA. And your comments imply that you seem to not understand some very basic structure of how an IA operates. And if you are simply going to be managing family funds - start a family office. You don't have to be an IA to do that. Are you maybe just needing to setup a family office? I'm simply trying to help you out. But I am starting to think that u/this_guy_fks original thought this may not end well is correct. If you are serious - stop asking on reddit and go hire an expert network company to help you find people to talk with on how to do what you really are trying to do. Or go to talk with an industry group like IAA or MMI. There are lots of them out there.

SpecialistFlight5532

Well I’m convinced enough that Apple is lagging behind in AI transformation. Recently some top Apple employees published a paper in arxiv about AI (if I remember correctly it’s about MMI). It’s strange because Apple has a tradition of being silent and never shared any details of their past ventures. It’s clear that they are falling behind and trying hard to overcome it

Gnarkill-530

Tomorrows play Puts: NWG $5 | AXL $8 | DTM $50 | MMI $35 Calls: OXY $60 | POR $45 | THS $45

Gnarkill-530

Tomorrows play Puts: NWG $5 | AXL $8 | DTM $50 | MMI $35 Calls: OXY $60 | POR $45 | THS $45

Gnarkill-530

Tomorrows play Puts: NWG $5 | AXL $8 | DTM $50 | MMI $35 Calls: OXY $60 | POR $45 | THS $45 anything missing?

th36

yes it is wrong as your return is due to leverage and not due to margin arbitrage: 1. Upfront Cash 100,000, margin: 50%, broker margin USD 100,000, position: USD 200,000 in MMI or TST -> margin req 50% 2. Invest USD 200 K in MMI or TST for 5% p.a., at a margin fee of 1.99% or equivalent PV 3. Upon maturity, claim yield of USD 10,000 and pay USD 2,000 fee 4. Cash Return = USD (10-2)/100 = 8% 5. Total Return = USD (10-2)/200 = 4% Alternatively, at 0% margin requirement (max leverage), you use USD 200 K to receive USD 6 K in net cash. Cash return is highest (no cash outlay), total return is 3%. This is a pure arbitrage play if legit.

greytoc

Sorry - that was a brain fart. Thanks for pointing it out. I had the decimal point wrong in my head. The average SMA fee has been declining steadily for past 2 decades. I used to support the SMA industry. Iirc - the average SMA fee for SMAs used to be in the 200 bps range. I think that dual contract SMA's may be higher (maybe? can't remember). And minimums were a lot higher. The average fees today are closer to the 150 bps range when I last looked. I used to have access to Cerruli and MMI research but don't have access any more. For the SMA product that OP mentioned - it looks like the SMA fee ranges from 20 to 40 bps depending on account size - [https://www.fidelity.com/managed-accounts/separately-managed-accounts/tax-managed-US-equity-index-strategy/overview](https://www.fidelity.com/managed-accounts/separately-managed-accounts/tax-managed-US-equity-index-strategy/overview)

DrXaos

Sorry for the self-reply. I found this: [https://www.sec.gov/rules/sro/dtc/2012/34-66919.pdf](https://www.sec.gov/rules/sro/dtc/2012/34-66919.pdf) The Maturity Presentment processing for money market instruments (“MMIs”) is initiated automatically by DTC each morning for all of the MMIs maturing that day.3 The automatic process electronically sweeps all maturing positions of MMI CUSIPs from a participant’s accounts and credits the participant’s account with the amount of the payments to be received with respect to such presentments. The matured MMIs are delivered to the account of the applicable issuing or paying agent (“IPA”),4 also a DTC participant, and the IPA's account is debited for the amount of the maturity proceeds. The debited amount will be included in the IPA’s net settlement amount. Similarly, the credits of participants that presented maturing MMIs will be included in those participants’ net settlement amount. MMI issuers and IPAs commonly view the primary source of funding for payments of MMI maturity presentments as flowing from new issuances of MMIs in the same program by that MMI issuer on that day. When the MMI issuer issues more new MMIs than the number of MMIs maturing, the MMI issuer would have no net funds payment due to the IPA on that day. When an issuer has more maturing MMIs than new issuances, it would have an obligation to pay to the IPA the net amount of the MMIs maturing that day over the new issuance. When net maturity presentments exceed issuances on a day, IPAs at their discretion may provide significant intraday credit to issuers for the excess. However, the IPA as an agent of an issuer is not obligated to fund the presentments at DTC unless it receives payment from the issuer. The business relationships between IPAs and their MMI issuers play a key role in determining if an IPA will execute a refusal to pay at DTC with respect to presentment of an MMI issuance for which the IPA has not received funds from the MMI issuer. Because maturity presentments of an issuer’s MMIs for which the IPA acts are processed automatically and The business relationships between IPAs and their MMI issuers play a key role in determining if an IPA will execute a refusal to pay at DTC with respect to presentment of an MMI issuance for which the IPA has not received funds from the MMI issuer. Because maturity presentments of an issuer’s MMIs for which the IPA acts are processed automatically and randomly against the IPA’s account, an IPA is permitted to refuse to pay for all of an issuer’s maturities in an MMI program.5 An IPA that refuses payment on an MMI maturity must communicate its intention to DTC using the DTC Participant Terminal/Browser Service (PTS/PBS) MMRP function. This function allows the IPA to enter a refusal to pay instruction for a particular issuer, referred to as an Issuer Failure/Refusal to Pay (“RTP”), up to 3:00 p.m. Eastern Time (“ET”) on the date of the relevant maturity presentment. Such an instruction causes DTC to reverse all transactions related to the relevant maturity presentment. An IPA RTP may have a significant market impact on the issuer’s reputation and credit standing.

bible_near_you

Not Wells Fargo's problem, City of San Jose missed a payment. From https://www.sec.gov/rules/sro/dtc/2012/34-66919.pdf >The Maturity Presentment processing for money market instruments (“MMIs”) is initiated automatically by DTC each morning for all of the MMIs maturing that day. The automatic process electronically sweeps all maturing positions of MMI CUSIPs from a participant’s accounts and credits the participant’s account with the amount of the payments to be received with respect to such presentments. The matured MMIs are delivered to the account of the applicable issuing or paying agent (“IPA”), MMI issuers and IPAs commonly view the primary source of funding for payments of MMI maturity presentments as flowing from new issuances of MMIs in the same program by that MMI issuer on that day. When the MMI issuer issues more new MMIs than the number of MMIs maturing, the MMI issuer would have no net funds payment due to the IPA on that day. When an issuer has more maturing MMIs than new issuances, it would have an obligation to pay to the IPA the net amount of the MMIs maturing that day over the new issuance. When net maturity presentments exceed issuances on a day, IPAs at their discretion may provide significant intraday credit to issuers for the excess. However, the IPA as an agent of an issuer is not obligated to fund the presentments at DTC unless it receives payment from the issuer. also a DTC participant, and the IPA's account is debited for the amount of the maturity proceeds. The debited amount will be included in the IPA’s net settlement amount. Similarly, the credits of participants that presented maturing MMIs will be included in those participants’ net settlement amount.

Jareo_San

Anyone know about MMI(Metro Mining)?

StockSage1

Nice post, Here are some earnings that came out today: https://theamericasreport.beehiiv.com Earnings 2/17/23 EPS Revenue COMPANY EXPECTED ACTUAL EXPECTED ACTUAL Air Canada (AC) - C$-0.61 C$4.51B C$4.68B AMC Networks (AMCX) 1.27 2.52 937.07M 964.52M Arbor Realty (ABR) 0.43 0.6 49.3M 113.06M Auto Nation (AN) 5.88 6.37 6.51B 6.70B CenterPoint Energy (CNP) 0.29 0.28 1.99B 2.71B Cowen (COWN) 0.50 0.29 337.68M 371.69M Deere & Company (DE) 5.47 6.55 11.14B 11.40B Liberty Broadband (LBRDA) 2.00 - 251.1M 250M Marcus & Millichap (MMI) 0.19 0.20 260.70M 262.45M PPL Corporation (PPL) 0.28 0.28 1.25B 2.29B Uni-Select (UNS) 0.30 0.24 415.14M 424.81M

BenMic81

Tesla Model Y base price is 54k for the basic version and 57k for extended range without extras. Model Y Performance is 65.5k all in euros all taken from Tesla official website. A realistic Model Y without „full potential“ but with a colour option and autopilot will set you back just about 60k € (again source Tesla.com/de). Audi Q4 etron 45 (which would be the most comparable to Model Y basic) is listed as 54.950 according to Audi.de - with a configurater I tried to get it with roughly the same extras that Tesla has (of course you could do a lot more options at Audi which might be nice but for a fair price comparison some things need to be equal). Not the professional assistance system may lack some compared to Tesla - therefore the MMI pro Navi seems to be a bit better even. Having taken these plus some comfort extras and colour option I ended at about 63k€. That is comparable in pricing. Even with a lot more extras it’s hard to get an Q4 etron 45 anywhere close to double the price of the Tesla. I also did a configuration of a Q4 etron 50 aiming as high as I could get. I mean, this included ventilated true leather seats, a Sonos sound system and other stuff. I got it to slightly below 80k. But that car would be ridiculously stuffed with extras. Extras Tesla doesn’t even have. If your dad paid 80k for a used Q4 he was clearly ripped off (though some Teslas and others actually were going over the list price for a while because of incredible demand - but why do such a thing)?

Prestigious-Board-77

In 2008 I was drowning in debt. Money Management International (MMI) negotiated my outstanding credit card debt, assessed my loan debt and set me with a fixed payment for 5 years. Hard to believe how low those days felt, but now I’m back on my feet and able to throw money away on terrible stonks.

DA2710

Puts on MMI. Their revenue depends on massive volume of commercial real state deals

OMG__Ponies

Have a permanently disabling workplace injury. >[worker’s injury](https://www.jackschmerling.com/blog/2016/11/what-are-your-rights-if-you-are-permanently-disabled-in-a-workplace-injury/)(lawyers website) may be quickly categorized as being a permanent injury. For example, an incurable spinal cord injury can cause irreversible paralysis. In most cases, workers are not eligible for permanent disability benefits right away. They may still receive workers’ comp benefits during their recovery period. However, a worker isn’t considered to have a permanent disability until he or she has reached maximal medical improvement (MMI). MMI occurs when a physician determines that a patient is unlikely to improve further. At this point, if you still have lasting impairments, you may be eligible for permanent disability benefits. While it doesn't really help YOU, getting verifiably dead while on the job occasionally, provides the some really decent benefits for your family

TurboSuperboS

I've actually been looking more and more into GRWG. Idk why but I'm liking it. I mean 420 million in revenue in a year? Their asset to liability ratio isn't bad but did increase last quarter. Still learning but love the idea of their MMI or whatever acquisition.

PeptoDysmal

Long puts on BDN, MMI, CLNY, and LADR. This shit is going down

fargiela

The C63 6.2L interior has not aged well tho. The current gen M3/4 are gruesome, but probably still brilliant to drive. It's weird that you threw a station wagon in there tho as comparison, but I'd probably choose the RS4 out the ones listed. Although it's a tad bit annoying that the proper MMI with the bigger screen and additional screen at the bottom only start with the A6 and upwards and the RS4 still having that shit glued on top of the dash. Anyway, RS4 out of those for me.