TORA Compass

Short selling is an increasing area of focus for regulators who are introducing new requirements for monitoring and reporting short sell activities. In Asia, Australia was the first country to introduce mandatory reporting of end-of-day short positions on Australian equities electronically via FIX messaging.

It is important that these reporting requirements are integrated seamlessly and automatically into the trader's activities without additional end-of-day manual procedures. Any short sellers of Australian equities who trade through the TORA Compass EMS/OMS or via third party platforms can be confident that the Tora FIX Gateway Service provides a solution that simplifies the reporting process and meets ASIC's exacting requirements.

To find out more about Tora's ASIC Short Sell Positions Reporting Solution and other compliance solutions from Tora, contact .