Opalesque Industry Update - TORA, a provider of advanced trading technology and financial services, has announced the introduction of enhanced short sale compliance functionality in TORA Compass™ to help buy-side firms adapt to upcoming revisions to short sale regulations by the Japanese Financial Services Agency. The new rules become effective on November 5. “Buy-side firms placing short sale orders in Japan, on the primary exchange or through a PTS, now have a solution to quickly adapt to JFSA’s regulations, while also executing trades with flexibility and speed. The change to the rules also comes at a time when volumes in Japan have increased, so it is crucial that clients have a real-time solution to navigate a crucial change in the market, which we are delivering through the compliance engine of TORA Compass™,” said Chris Jenkins, Asia-Pacific Managing Director at TORA. Press release bc |