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 31 December, 2009.
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Nasdaq Dubai extends short selling reporting
- United Arab Emirates: Wednesday, July 01 - 2009 at 14:06
- PRESS RELEASE
Nasdaq Dubai has extended for six months the requirement that its trading Members report gross short positions in securities listed on the Exchange.
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About Nasdaq Dubai:Nasdaq Dubai is the international financial exchange serving the region between Western Europe and East Asia. It welcomes regional as well as global issuers that seek regional and international investment. The exchange currently lists shares, derivatives, exchange-traded commodities, structured products, Sukuk (Islamic bonds) and conventional bonds.
The majority shareholder of Nasdaq Dubai is Borse Dubai with a two-thirds stake. Nasdaq OMX Group owns one third of the shares. The regulator of Nasdaq Dubai is the Dubai Financial Services Authority (DFSA). Nasdaq Dubai is located in the Dubai International Financial Centre (DIFC).
For more information, please contact:
Mark Fisher
Nasdaq Dubai
Tel: +971 4 3612220
Kholoud Arif
Senior Media Relations Executive
JiWin Public Relations
Dir: +971 4 361 3599
Fax: +971 4 368 8001
Posted by Siba Sami AmmariWednesday, July 01 - 2009 at 14:06 UAE local time (GMT+4)
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