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Italy extends short selling ban


13 January 2012 Rome
Reporter: Anna Reitman

Consob has confirmed media reports that a short selling ban on shares of the financial sector has been extended until 24 February ...
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Overstock.com loses case against Goldman


11 January 2012 San Francisco
Reporter: Anna Reitman

Overstock's lawsuit against Goldman Sachs and Merrill Lynch was dismissed by a judge because the company could not prove the investment firms violated naked short sale rules in California...
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FSB announces Hildebrand resignation


11 January 2012 Basel
Reporter: Anna Reitman

The Financial Stability Board has announced the Philipp Hildebrand's resignation as vice chairman...
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"Broad agreement" on FTT in European Parliament


10 January 2012 Brussels
Reporter: Anna Reitman

A "very broad agreement" in favour of an EU financial transaction tax emerged at the start of the Economic and Monetary Affairs Committee's work on the legislative proposal...
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Conifer taps hedge fund veteran for sales team


10 January 2012 New York
Reporter: Anna Reitman

The Conifer Group has announced the appointment of Howard Eisen to join its Securities sales team as it expands its client base to include alternative asset managers of all stripes...
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Karachi market develops risk system for short sales


10 January 2012 Karachi
Reporter: Anna Reitman

The Karachi Stock Exchange (KSE) has announced the development of a Risk Management Gateway System (RMGS) for brokerage houses, scheduled for launch by the end of January...
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Nigeria's market bans naked shorts for dealing members


09 January 2012 Lagos
Reporter: Anna Reitman

As the Nigerian Stock Exchange moves closer to implementing naked short selling, rules are being finalised and dealing members are out, according to local media reports...
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ING creates global equity products unit


09 January 2012 Amsterdam
Reporter: Anna Reitman

In a bid to boost sales and cut costs, ING has merged cash equities, equity derivatives and global securities finance into one unit, reports Bloomberg...
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OCC stock loan program up in 2011


04 January 2012 Chicago
Reporter: Anna Reitman

OCC's total cleared contract volume in 2011 reached 4.6 billion contracts, a 17 percent increase over the 2010 volume, marking the ninth consecutive year of record volume for the clearer...