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#1 20-03-2020 13:12:27

johnedward
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From: Paris - France
Registered: 21-12-2009
Posts: 2745
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AvaTrade restricts short selling of French & Italian Stocks

AvaTrade: Temporary Restrictions on Short Selling French & Italian Stocks


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Email received from AvaTrade:

Dear Trader,

The European Securities and Markets Authority (ESMA) has endorsed an emergency short selling prohibition for a period of up to three months.

ESMA considers that the proposed measure is justified by the recent adverse events which represent a significant threat to market confidence and financial stability in Europe.

The new restrictions on short selling aim to curb the slump in equity markets driven by the coronavirus pandemic.

As a result, clients will no longer be able to short sell French or Italian stocks for the duration of this prohibition. The measures do not apply to Index products.

Clients will not have the ability to open new short (sell) positions.

However, clients will still have the ability to open/close new long (buy) positions.

They will also be able to close any currently open short (sell) positions.

And most importantly, stay safe - together we will overcome the storm as we look to a brighter future together.

Regards,

The AvaPartner Team
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