Cameron Edge Announces ASIC Short Position Reporting Software
Cameron Edge Pty Ltd announced January 20 the availability of software for reporting short positions to ASIC (Australian Securities and Investment Commission).
Starting 1 April 2010 all sellers must report short position information daily to ASIC. These new reporting requirements were originally outlined in the announcement by the Minister for Financial Services, Superannuation and Corporate Law, Chris Bowen MP, on 2 October 2009 and subsequently passed into law on 25 November 2009. See the ASIC website (http://www.asic.gov.au/asic/asic.nsf/byheadline/Reporting-short-position) for more details.
Cameron Edge provides an ASIC reporting tool for satisfying these new reporting obligations.
The software can run on any hardware or operating system and does not require any additional software or infrastructure, other than a network connection to ASIC. It reads short position information from a simple text file and then sends that information to ASIC according to ASIC’s reporting standards. The file containing the position information can be typed in manually, or it could be created automatically by the seller’s own internal systems.
A free evaluation copy is available now from Cameron Edge. It is a fully functional version of the software, including complete documentation and working examples. Please contact Cameron Edge (http://cameronedge.com/contact.html) to request an evaluation