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[Feature] Adds Primary Dealer Fails Data From NY Federal Reserve #6670

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merged 7 commits into from
Sep 15, 2024

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  1. Why?:

Primary Dealer Statistics for Fails to Deliver and Fails to Receive.

Data from the NY Federal Reserve are updated on Thursdays at approximately
4:15 p.m. with the previous week's statistics.

For research on the topic, see: https://www.federalreserve.gov/econres/notes/feds-notes/the-systemic-nature-of-settlement-fails-20170703.html

"Large and protracted settlement fails are believed to undermine the liquidity
and well-functioning of securities markets.

Near-100 percent pass-through of fails suggests a high degree of collateral
re-hypothecation together with the inability or unwillingness to borrow or buy the needed securities."

  1. What?:

    • Extends openbb-federal-reserve and adds a new endpoint: economy.primary_dealer_fails
  2. Impact:

    • Non-breaking.
    • Creates more stuff to maintain.
  3. Testing Done:

    • Unit/Integration
    • Parameter combinations.
  4. Reviewer Notes:

    • The data changes shape over time, what they call "series breaks". The breakdowns of the asset classes will be different for series before Q2-2013. The default start date includes only the most recent format.

Screenshot 2024-09-12 at 4 04 15 PM

@deeleeramone deeleeramone added enhancement Enhancement platform OpenBB Platform v4 PRs for v4 labels Sep 12, 2024
@IgorWounds IgorWounds added this pull request to the merge queue Sep 15, 2024
Merged via the queue into develop with commit 57863e5 Sep 15, 2024
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@IgorWounds IgorWounds deleted the feature/primary-dealer-fails branch September 26, 2024 11:11
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2 participants