Reuters UK, 27 Apr 2009, Kevin Lim
SINGAPORE (Reuters) - The Singapore Exchange (SGX) (SGXL.SI), one of the few bourses that did not ban short-selling last year, has reaffirmed its opposition to such restrictions, saying short-sellers helped improve market efficiency.
"Short-selling is a legitimate market activity and this is well-recognized both in financial literature and in international markets," SGX's head of risk management and regulation, Yeo Lian Sim, told the Reuters Global Financial Regulation Summit.
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