Financial Digest

Traders cry foul over losses from SocGen actions on SIA shorts

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

The short squeeze was exacerbated after Societe Generale, the issuer...

Traders say SocGen's actions gave them very little time to hedge their bets. Some traders are understood to have complained to SGX and MAS.

SGX RegCo says it is reviewing the situation.TRADERS in the 5x Short Singapore Airlines daily leverage certificates saw their positions go to zero on Wednesday when SIA shares rose more than 20 per cent upon trading ex-rights.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Singapore stock watch: SIA, OCBC, SingPost, StarHub, DBS, NetLink, BiolidicsSINGAPORE (THE BUSINESS TIMES) - THE following companies saw new developments that may affect trading of their securities on Friday:. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »