Nasdaq Dubai has extended for six months the requirement that its trading members report gross short positions in securities listed on the exchange.
The requirement, first introduced in October 2008, contributes to a fair and orderly market, a statement said.
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, it said.
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. – TradeArabia News Service