01 Jul, 2009NASDAQ Dubai Extends Short Selling Reporting
NASDAQ Dubai has extended for six months its requirement that its trading Members report gross short positions in securities listed on the Exchange.
The requirement contributes to the maintenance by NASDAQ Dubai of a fair and orderly market. It was first introduced in October 2008.
Gross short positions are defined as the aggregated short selling positions of the trading Member and its clients for each security, regardless of whether these positions are set-off or netted by corresponding positions.
The timing of reporting has been amended to reflect the exchange s Sunday-Thursday trading times. The reports are made to NASDAQ Dubai in confidence.
The extension will expire on December 31, 2009.
Nasdaq Dubai, formerly DIFX, is the international financial exchange in the Middle East. It allows companies to benefit from a unique investor pool that combines regional and international wealth, making it a globally unique platform for companies to raise money and for investors to find exciting opportunities.
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