Short-selling bans achieve nothing useful - exchanges body
Share:
LONDON (Reuters) - Banning short-selling of shares gives the impression of responding decisively to events without achieving any useful result, the World Federation of Exchanges (WFE) said on Monday.In an unusually blunt statement, the global umbrella group for exchanges and clearing houses said bourses already have safeguards like circuit breakers to slow markets during bouts of extreme volatility.Several European Union countries, including Spain, Italy, France and Belgium have banned traders..