EU taking action to restrict naked shorting and derivatives

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Scruffy

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EU taking action to restrict naked shorting and derivatives

posted on Oct 05, 2010 05:54PM

Frequent traders of some OTC derivatives in Europe will have to use central clearinghouses to close sales, while naked short-sellers would be required to submit proof they can access the underlying security to settle a trade designed to profit from falling prices, under two separate initiatives announced in Brussels today.

http://www.bloomberg.com/news/2010-09-15/naked-short-sellers-derivatives-traders-face-european-union-restrictions.html