Page 1 of 1
Shorting in East European markets
Posted: May 18th, 2004, 2:58 pm
by pb273
Any idea whether shorting is allowed in these markets ?1. Russia2. Hungary3. Czech4. Poland5. Turkey6. Cyprus7. Slovenia8. SlovakiaThanks.
Shorting in East European markets
Posted: May 18th, 2004, 3:24 pm
by daveangel
it msut be a bear market ... everyone wants to short everything!!
Shorting in East European markets
Posted: May 20th, 2004, 12:31 pm
by kenzo
Only the most liquid stocks in Poland can be shorted, a list of them is published daily. The interest you pay is around 5%, the initial margin is 50% and the maintenance margin is 130%. You can deposit cash, bonds and stocks that verify as 'shortable', weighted by 1, .95 and .7 respectively.
Shorting in East European markets
Posted: May 20th, 2004, 2:28 pm
by Alexis
On Prague Stock Exchange, it's possible only for the 7 most liquid stocks. The margin is 15% and your broker via whom you borrow the stock must have a special permission from the Securities Commission to provide this type of service. But not bad idea, the market just peaked ........... seems so
Shorting in East European markets
Posted: May 21st, 2004, 3:51 pm
by Gill
It was not disallowed to short Russian and Turkish papers four years ago.Maybe legislation has been changed since then.... If it's not allowed these days you can make repo with both Russian and Turkish papers. So you can effectively short them.
Shorting in East European markets
Posted: May 21st, 2004, 10:50 pm
by hojdard
why not going short by buying CDS protection? 1.-5. is quite liquid...but don't get over enthusiastic about shorting EM just because the last two weeks were miserable....
Shorting in East European markets
Posted: May 24th, 2004, 10:04 am
by pb273
QuoteOriginally posted by: hojdardwhy not going short by buying CDS protection? 1.-5. is quite liquid...but don't get over enthusiastic about shorting EM just because the last two weeks were miserable....No, I am just trying to back-test to see how well would an emerging/east european equity market-neutral strategy work in these markets: so if shorting is not allowed, there is no point in including these markets. Thanks anyway.
Shorting in East European markets
Posted: July 13th, 2004, 7:15 am
by Sever
Just joined this forum and came across this topic:You can short in Russia if you broker lends you shares or you can short single equity futures on RTS Futures&Options Exchangewww.forts.ru