SEBI on shorting

Here is the detailed document on the regulation involving shorting in India. Shorting Now one can avoid the costly route of using derivatives for shorting! Good news for arb traders

Quote for the day

Imagine the Earth devoid of human life, inhabited only by plants and animals. Would it still have a past and a future? Could we still speak of time in any meaningful way? The question “What time is it?” or “What’s the date today?” - if anybody were there to ask it - would be quite meaningless. The oak tree or the eagle would be bemused by such a question. “What time?

NRI

With an emergent market like India, NRI is taking a new meaning “Newly Relocated to India” With enormous strides in the capital markets, it is the probably one of the best times to work from Mumbai. Local arb traders with out access to any computers are estimated to make $250 to $300 a month. Most of them generate numbers based on eye arbitrage, meaning visual and manual arb spreads. I strongly think that machines can add another 0 , i.

Word for the day

“Creeping Featuritis” : Technology applications accrue additional buttons, switches and scrollbars without any apparent purpose

One of the most brilliantly conceived wealth transfers ever

Via Economist : How Porsche fleeced hedge funds and roiled the world’s financial markets GREAT cornering and eye-popping acceleration make Porsche’s cars popular among thrill-seeking bankers and hedge-fund managers. Now its clients are discovering that the carmaker itself has an unexpected talent for cornering markets. In a few tumultuous days it is thought to have made a cool €6 billion-12 billion ($7.5 billion-15 billion) on the share price of Volkswagen (VW)—a coup that has roiled the world’s financial markets.