Philippine short-selling move paves way for listed derivatives
Insurers will be allowed to short-sell next year
The Philippine Stock Exchange (PSE) is gearing up to allow the short-selling of stocks in a move that will pave the way for the development of more complex derivatives products.
The exchange has been looking at the possibility of allowing short-selling for more than 12 months, but it had to wait for the Securities and Exchange Commission (SEC) to give the formal go-ahead, which it did earlier this year.
The Insurance Commission has also endorsed short-selling, stating in a circular last year
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