Greece shorting ban holds firm
08 December 2015 Athens
Image: Shutterstock
Greece’s Hellenic Capital Market Commission has extended the ban on short selling on the Athens Exchange due to ongoing market volatility.
The ban was due to expire at midnight on 7 December, but it will now be maintained until 21 December.
Greece's short selling ban includes all shares of the credit institutions admitted to trading on the Athens Exchange and comprising the FTSE and Athex Banks Index. The ban once again excludes market makers.
The prohibition stands irrespective of the venue where the transaction is executed including regulated market, multilateral trading facility or over-the-counter.
The European Securities and Markets Authority accepted the renewal of the ban, which has now been extended eight times since June.
The ban was due to expire at midnight on 7 December, but it will now be maintained until 21 December.
Greece's short selling ban includes all shares of the credit institutions admitted to trading on the Athens Exchange and comprising the FTSE and Athex Banks Index. The ban once again excludes market makers.
The prohibition stands irrespective of the venue where the transaction is executed including regulated market, multilateral trading facility or over-the-counter.
The European Securities and Markets Authority accepted the renewal of the ban, which has now been extended eight times since June.
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