NYSE Euronext executives said during a Sept. 24 webcast that the exchange was working with the SEC to forge a marketwide solution to the issue of short selling.
NYSE Euronext CEO Duncan Niederauer said his conversations with the SEC have centered on solutions not solely limited to financial stocks.
"We realize it is just not the financial stocks or just not companies that got on this list that are subject to some of these allegedly predatory practices," Niederauer said.
Niederauer said he expected the Oct. 1 and Oct. 2 deadlines for the SEC's short-selling ban to be extended temporarily, meanwhile cautioning that one should not assume the deadlines would be extended until the end of the year.
I doubt an extension will occur, at least not of significant length. However, don't be surprised by some new rule or rules that constricts agressive shorting. Some version of an uptick rule, or increased margin requirements, etc.