Traders cry foul over losses from SocGen actions on SIA shorts

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The short squeeze was exacerbated after Societe Generale, the issuer...

Traders say SocGen's actions gave them very little time to hedge their bets. Some traders are understood to have complained to SGX and MAS.

SGX RegCo says it is reviewing the situation.TRADERS in the 5x Short Singapore Airlines daily leverage certificates saw their positions go to zero on Wednesday when SIA shares rose more than 20 per cent upon trading ex-rights.

 

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