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In order to modernize and provide a new regulatory framework governing short selling of securities since the short sale regulation was first adopted in 1938, the US Securities and Exchange Commission (SEC) adopted Regulation SHO in June of 2004. Regulation SHO is designed, in part, to fulfill several objectives, including: (a) establishing uniform locate and delivery requirements in order to address problems associated with failures to deliver, including potentially abusive "naked" short selling (i.e., selling short without having borrowed the securities to make delivery); and (b) creating uniform marking requirements for sales of all equity securities. Regulation SHO also required the Exchange to amend its rules with respect to activities associated with the short selling of securities, so that the rules do not conflict with the regulation.
Compliance with Regulation SHO began on January 3, 2005. Please click on the titles below to learn more about specific Regulation SHO requirements:
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All SROs must make short sale data available beginning in January 2005 through August 2007.
NYSE Short sales transactions data is available on a monthly basis from nysedata.com.
NYSE Arca short sale data is available monthly by subscription. To subscribe to NYSE Arca short sale data, please contact Helen Barounis at 312.442.7093 or e-mail ArcaVision@archipelago.com.
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