You're correct 123enen. In Australia naked shorting is limited by ASX rules to a certain percentage of each company's stock and has to reported to the ASX. Naked shorting is a big problem in the US where it is unlimited and unreported but here its the official way. A bigger problem here is stock borrowing which is unregulated.
We've taken the US solution and applied it to our problem which is the opposite. Our regulators must be a bit thick, but I guess that's not news to many.
naked short selling banned on asx, page-14
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ASX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$66.35 |
Change
0.390(0.59%) |
Mkt cap ! $12.77B | |||
| Open | High | Low | Value | Volume |
| $66.15 | $66.48 | $65.63 | $5.437M | 82.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 147 | $66.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $66.37 | 170 | 8 |
View Market Depth
| Last trade - 12.17pm 15/10/2024 (20 minute delay) ? |
| ASX (ASX) Chart |