Glossary | Securities Finance Times

Glossary

Short Sale

The sale of a security that the seller has borrowed, with the intention of buying it back later at a lower price.

Short Sale News

Regulation
SEBI introduce new guidelines for short selling transactions

Under the framework, all classes of investors are permitted to short sell, however there are stringent measures around disclosure practices

Industry
Clear Street launches trading system for securities lending market

ATLAS is a proprietary trading system that allocates stock loan inventory to incoming customer requests

Industry
UBS fined US$2.5 million for Reg SHO failures

FINRA has fined UBS Securities LLC US$2.5 million for Regulation SHO violations and for supervisory failings extending over a nine-year period

Industry
South Korea tightens oversight of short selling

The Financial Services Commission (FSC) has announced a package of measures designed to tighten supervision of illegal short selling and to improve the operation of the short-selling system

Regulation
FINRA fines National Securities Corporation for Reg SHO breaches and other failings

NSC has been instructed to pay approximately US$9 million in fines for a sequence of violations which includes attempting to influence the IPO aftermarket and for failing to obtain locates for short sale transactions under Regulation SHO

Regulation
SEC 10c-1 trade reporting update: comment period extends until 1 April

As an update to an article published in SFT on 28 February, we clarify that the US Securities and Exchange Commission (SEC) has reopened consultation for its securities lending trade reporting proposal until 1 April

Industry
Borsa Istanbul triggers uptick rule

The Istanbul Stock Exchange has triggered an uptick rule on the short sale of a number of stocks in a bid to contain falling share prices

Industry
Lawyer arrested in connection with ‘cum-ex’ investigations

Hanno Berger, a German lawyer and tax expert accused of being involved in ‘cum-ex’ tax infringements, has been arrested in Switzerland according to German and Swiss sources