Hi jl...
yes naked short selling is banned here, but I understand there is some evidence that it does happen. It's not that surprising if it does, as the regulation seems so lax. Also, from what I have discovered, LTR shorting is being led by hedge funds out of Hong Kong. I do not know how bound they would be by Australian regulation. It's a black box to me and I hope that the more light that can be shed on it, then perhaps it will become less opaque and regulation will be strongly enforced at the very least. But frankly, I have little faith in regulation when the ASX is enriched by increased trading activity. One can hope.
regards
DF
ASX Today, page-41748
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Last
$1.01 |
Change
0.015(1.52%) |
Mkt cap ! $2.437B | |||
| Open | High | Low | Value | Volume |
| 97.0¢ | $1.04 | 96.5¢ | $12.25M | 12.21M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 250234 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 51730 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LTR (ASX) Chart |