Finally we have a OTC ticker for the new Ellington Financial (EFC) 6.25% fixed rate reset preferred.
The issue trades immediately under OTC ticker EFCBP.
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7/26/2024
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Looks good on Schwab, Bid 24.80 NO Ask tho. And NO estimated commission !
TDA shows same B/A , last 25.50, and 8k vol
freerealtime.com shows a 16000 block on 12/10 ?? One of the book guys?
no go on vanguard. not allowed.
TDAmeritrade
No opening transactions are allowed on securities affected by amendments to SEC Rule 15c2-11.
FYI. Fidelity: no bid or ask showing.
Error:(000925) We are unable to process your order at the current time because there is no last trade price available for the security. Please try again later or call a Fidelity representative at 1-800-544-6666.
Same at ETrade and on otcmarkets.com. No bid/ask and no volume reported.
https://www.otcmarkets.com/stock/EFCBP/overview
My ETrade relationship manager is trying to get the new preferreds’ temp tickers to be tradeable on the IPO day. If it happens, I’ll be happy to share the good news with my fellow III’ers who use ETrade.
FYI about Fido again. Last trade shows 25.50.
But when I try to submit the order:
Error:(TC9051) Opening transactions for Grey Market are not permitted because of the risks associated with these securities and all Microcap securities.