Investment Intermediaries: Working on It But Not Ready for Short Selling Yet

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Investment Intermediaries: Working on It But Not Ready for Short Selling Yet

“We are working on the issue but we are not prepared yet to start offering margin trade and short selling as of today”, this is the most common answer among the 11 representatives of leading investment intermediaries interviewed by Profit.bg.

Clients of Real Finance have expressed interest in the service but the investment intermediary plans to wait for now.

The contracts are yet to be prepared and there are many unclarities, according to Eurobank EFG Securities, which is not ready yet. We are not ready yet, Capman said.

Karoll is working on the service but the investment intermediary is sceptical as to what extent the clients will be able to take advantage of the service due to the regulatory and administrative difficulties.

Somoni International Brokerage share the same opinion and plan to wait for now.

We will definitely offer out clients possibilities for margin trade and short selling but will notify them additionally when we are prepared to do so, Elana Trading said.

Deltastock and KD Securities are also working on the matter. So is First Financial Brokerage Hоuse, which however will not start offering the services as of today.

Varchev Finance also is not prepared to offer their clients possibilities for margin trade and short selling at this point.

Ug Market is the only investment intermediary among the ones approached by Profit.bg that will be able to offer its clients possibilities for margin trade. Ug Market, however, will not be able to offer short selling. This will happen only after the signing of a contract and a check up of the client, the investment intermediary said.

A total of eight of the issues meet the liquidity criteria for short selling, Ivan Takev of the Bulgarian Stock Exchange (BSE) said in a interview for Profit TV.

These are: Chimimport, Sopharma, Cental Cooperative Bank, Eurohold Bulgaria, Industrial Holding Bulgaria, First Investment Bank, Monbat and Zarneni Hrani Bulgaria. The list, however, may undergo changes.

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