Skip to main content

Ban on Short-Selling - short sellers squashed

Worldwide market regulators have banned short selling, which has fired up all the markets. Prominent among them - Shangai composite up 10%, Russian index up 20%, European markets are up anywhere between 7 to 8%. Asian Indices and European Indices
It is green everywhere


Businessweek: SEC Ponders Temporary Ban on Short-Selling

The Securities & Exchange Commission was said to be planning a temporary outright ban on the practice late Sept. 18, following a similar move by British regulators for financial stocks—securities experts and former SEC officials are urging caution.

Short-sellers attempt to profit from falling share prices by borrowing stock, selling it at the current price, then returning the shares to the lender after the price has dropped and the cost of replacing the shares has fallen. A growing chorus of lawmakers and regulators in the U.S. and overseas say abusive short-sellers are spreading false rumors or selling shares they haven't actually borrowed as part of an effort to force share prices down artificially.

Forbes : Short Sellers Get Squashed
The Securities and Exchange Commission, acting in concert with Britain's Financial Services Authority, said Friday that it was temporarily banning the short-selling of financial stocks. The order applies to 799 U.S.-listed shares and 29 London-listed shares and is effective immediately. The ban ends on Oct. 2 for American shares and on Jan 16, 2009, in the U.K.

ADVN: Shanghai Composite Index opens up 9.06 pct; banking sector up 10 pct

The benchmark Shanghai Composite Index opened up over 9
pct after regulators said they will cancel the stamp duty on share purchases,
and as China's sovereign wealth fund announced plans to buy shares in
state-owned banks, dealers said.
They key index was up 171.81 points or 9.06 pct at 2,067.64, with all banks
rising by the 10 pct daily limit.

FOX news: Russia's Stock Exchange Up 20%

Trading earlier Friday was suspended on both the RTS and MICEX within an hour of opening, in line with exchange rules. They reopened after an hour.

MICEX, where most share trading takes place, is up 26.3 percent since the start Friday following a two-day suspension. The RTS is up 20 percent.
Tags

Comments

  1. John SmithSeptember 20, 2008

    Hey, nice blog.
    I just thought you would like to put a Google Web Search Widget in your sidebar. You and your readers will easily be able to search google from your site.

    Or you could blog about it...
    - John

    ReplyDelete

Post a Comment

Popular Posts

Your Bill Amounts Are Going To Increase From June 1, 2016

Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994. Union Finance Minister, Arun Jaitley, in his budget announcements proposed to impose a cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services. The present rate of service tax will be hiked to 15 per cent from June 1, 2016, from 14.5 per cent. Take a look at what gets expensive:



Phone Bills: Your phone bills are going to go up. So, pay a good 15 per cent now on service tax on phone bills.

Restaurant Bills :If you are dining in a restaurant that already has service tax applicable, you are going to pay more on your eating out. Though 0.5 per cent on a single bill may not mean much, frequent diners may end-up paying a lot during the year.

Travelling: You will have to pay more for air travel, as there is a service tax on tour operators and travel agents.

…
Post a Comment
Read more

NSE Level 3 Data

Before we get into details of NSE Level 3 Data, it is important to first understand the basic operations of the stock market.  All publicly traded equities have a bid price and an ask price when they are bought and sold. The bid is the highest price a trader( or an investor) is willing to purchase a stock. The ask is the lowest price in which he is willing to sell a stock.


Depth of the Market(DOM):Looking at a Level 1, Level 2 or Level 3 quotes can give a trader, a basic idea of how a stock is performing at any given time.

Level 1 Market Data provides the basic market data which includes Bid price, Bid size, Ask price and Ask size.

Level 2 Market Data provides more information than Level I data. Mainly, it doesn't just show the highest bid and offer, but also shows bids and offers at other prices. Now level 2 provides market depth data upto 5 best bid and ask prices.

Level 3 Market Data provides market depth data upto 20 best bid and ask prices .  This primarily used by brokers and ma…
Post a Comment
Read more

Moneycontrol Terminal - Streaming Live Quotes

Moneycontrol has introduced a new feature Moneycontrol Terminal - an enhanced version of real time price updates. Though there were live quotes provided by the website previously, the present form  gives a better update of live quotes of indices and stocks.

This terminal provides live streaming quotes for both NSE and BSE free. It also provides quotes for most of the indices and also the constituents/stocks of the indices in BSE and NSE.  The terminal also provides live news and other market news, which might be useful for traders. The hardware recommended is minimum of 1 GB RAM.

It would be better if stock of any choice could be added ( market watch of a set of stocks ), which would be easier to track one's trading positions. Anyway, this is a better alternative for people who don't have access to any trading software, to view live action of the markets.




You could just try the same here at Moneycontrol Terminal


11 comments
Read more