Thursday, 20 November 2014
Last updated 7 hours ago
Sep 15 2008 | 8:48am ET
The controversial restrictions on short-selling imposed by U.S. regulators this summer are unlikely to be expanded to all stocks or made permanent when a new rule is promulgated.
Securities and Exchange Commission staffers are expected to deliver this recommendations as soon as this month, and are expected to propose measures to beef up requirements that brokers deliver shares that they sell short, rather than extending the naked short-sale restrictions on Fannie Man, Freddie Mac and 17 brokerage firms imposed in an emergency order, which expired last month. The agency may also require traders to disclose short positions, similar to a measure enacted in June by Britain’s Financial Services Authority, reduce the amount of time brokers have to buy stock to clear a short sale, and remove an exemption from deliver threshold-list shares for options market makers.
This summer’s order was designed to shore up the country’s financial institutions. Since then, mortgage giants Fannie Mae and Freddie Mac have been effectively nationalized, Lehman Brothers has planned to file for bankruptcy and Merrill Lynch has agreed to sell itself to Bank of America.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...