UK shorting data plan cautiously welcomed

Hedge fund practitioners have cautiously welcomed attempts by UK regulator, the Financial Services Authoirt (FSA) to provide more information on shorting.

The regulator proposes UK securities settlement system Crestco will from the summer release monthly data on securities with the highest proportion of trades not settling by the required date.

This change is intended to help market participants spot problems developing in particular stocks, and settlement failures to act as a proxy for the stocks