Home News Dt Börse: Leerverkaufsverbot market quality may deteriorate

Dt Börse: Leerverkaufsverbot market quality may deteriorate

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FRANKFURT (Dow Jones) – In connection with the Leerverkaufsverbot welcomes the German stock exchange, although an increase in transparency in Relation to short selling positions. However, the ban could the Market quality deteriorate and increase the cost of liquidity, informed of the Frankfurt stock exchange operator said Wednesday. A fragmented approach of the European countries in terms of Leerverkaufsverbot was also not conducive to the Financial center of Germany. Uncovered short sales could continue to take place, as they are outside of the German financial market are not prohibited.
In a response published on Wednesday by the British Financial Supervision FSA (Financial Services Authority) states that according to the Deutsche Börse, the prohibitions relating to German market participants, or Germany for transactions concluded and shall not extend to Subsidiaries of German institutions outside Germany, such as in UK. This, the German stock market was, in contrast to the desired "Level Playing Field" in Europe. From the perspective of Stock exchange operator, it is therefore important that it agreed to a European and come common practice.
The DAX Group, but support the current Proposals of the Committee of European Securities Regulators (CESR) for uniform reporting of short sales.

   

Website: www.deutscheboerse.de

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(END) Dow Jones Newswires

May 19, 2010 12:45 ET (16:45 GMT)

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