Few traders flout new rules
They say most failed trades likely to be honest errors. -ST
Fri, Oct 03, 2008
The Straits Times
PENALTIES for naked short-selling kicked in yesterday but the signs are that few traders, if any, have knowingly broken the new rules.
The Singapore Exchange (SGX) bought back just 172,3000 shares on 12 counters from the buying-in market yesterday.
Traders say most were likely error trades and not short-sellers in operation.
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