Info comes via a (gated) Bloomberg report. It reports that the Shanghai Stock Exchange conducted weekend stress tests, requesting brokerages take part in these tests after its systems faced difficulties handling a surge in trading activity on Friday.Weekend simulations included processing 270 million transactions according to a statement from the exchange. This is twice the previous record and three times the orders placed on Friday said the statement.The report goes on to describe how some hedge funds, which held short positions in stock-index futures and long positions in equities, struggled to sell their shares quickly enough on Friday to meet margin calls for their futures, owing to exc
Hence then, the article about hedge funds caught short china shares huge losses exacerbated by shanghai exchange glitch was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Hedge funds caught short China shares, huge losses exacerbated by Shanghai exchange glitch )