Brokers in NZ which allow shorting?

[rostov]

Hi,

As titled. Are there any New Zealand brokers which allow shorting?

I know ASB won't.

[AMR]

CMC markets?

[rostov]

Thanks. Are there a lot of folks doing shorts?

[Steve]

Yes, CMC will allow you to short CFD's on a selection of NZX shares...

[rostov]

K. Thanks. Called them up, and willl be talking to them soon.

It's my fault for not being clear enough. I want to short on the ASX, and hence can anyone in NZ do that? Or only those in OZ?

Thanks for any reply.

[Steve]

K. Thanks. Called them up, and willl be talking to them soon.

It's my fault for not being clear enough. I want to short on the ASX, and hence can anyone in NZ do that? Or only those in OZ?

Thanks for any reply.

Yes, you can do that thru CMC...

[rostov]

Rostov - no one really offers shorting in NZ and few do for the ASX. It's not the simplest of processes and unless you have large sums to be playing with it's not worth it for the lending agents and/or brokers.

How large?