Dealers offer ways round Australian shorting ban

Australian ban on short selling is does not spell disaster for investors

The Australian ban on covered short selling of financial securities, extended until May 31 this year, is not the end of the world for investors looking to trade a negative view on Australian banks and other financial institutions.

To the contrary, banks appear to support the quest for legal loopholes offering contracts for differences (CFDs) on any financial name they might have on their books. "We understand that some investment banks have started to offer hedge funds contracts for differences

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