NSE Offer Short Selling System

By admin • May 27th, 2010

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India’s largest stock exchange the National Stock Exchange of India Ltd., will offer a new short sales system in the coming weeks. National Stock Exchange of India currently have Goldman Sachs Group and Temasek Holdings Pte as shareholders, has said the need to introduce a new system is a necessary platform to serve the growing demand and also to attract more investors into local markets.

Chief Executive Officer of NSE Ravi Narain said “My view is that if the whole world is rushing to India, you’d have to be brain dead to be rushing out. Our strategy should be to continue to attract foreign investors to Indian assets onshore and to bringing foreign products to Indian markets.”

The new short sales system will have a longer window to allow traders to borrow the assets they deal in. Short selling can be an advantage to markets as speculators will increase their trading volume, take on risk and market liquidity. The company also intends to improve the time it takes for companies to enter and leave their systems.

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