Tora Adds Short Sale Functionality to Compass to Address New Regs

chris-jenkins-tora
Chris Jenkins, Tora

Tora Compass, the vendor's compliance engine, has been enhanced to prevent users from breaching the JFSA's new uptick rule, which goes into effect on Nov. 5, once the trigger price has been reached, Chris Jenkins, Asia-Pacific managing director at Tora, tells Buy-Side Technology.

"The Japan short-sale rule—aka, the ‘uptick rule'—was originally much simpler," he says. "The uptick rule stipulates that a trader cannot short-sell if a stock was on a downtick—i.e., the last price was lower than the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here