IG Markets is pleased to announce that as of 10am Monday 25 May 2009 the ban on covered short selling of financial securities has been lifted.
ASIC has reviewed market conditions and considers that the balance between market efficiency and potential systemic concern has now moved in favour of the ban being lifted.
For full details of the latest short selling update from the regulator please see the ASIC website.
If you have any questions please call the dealing desk on 1800 601 733, or for information on how to short please view our online seminar on Shorting the Market.
Updated: 25/05/09
The above comments do not constitute investment advice and IG Markets accepts no responsibility for any use that may be made of them.