Intraday Short Selling (IDSS) allows investors to sell first and buy the securities later. All sell positions must be closed off with buy positions on T-day itself. IDSS enables traders to sell those assets that they do not own. Currently, the list of approved stocks for short selling comprises of 280 securities. The list will be reviewed every six months. Traders who are interested in Intraday Short Selling, or to check out the list of stocks available for IDSS, please visit the page at MQ Trader: https://klse.i3investor.com/mqtrader/sf/stk/idsslist

Traders can sell the stock at the beginning of the day betting that the price will decrease during the day so that traders can cover their positions before the end of the trading.

In IDSS, traders receive the benefit of both bullish and bearish trends. When the trend is bullish, you will buy the stock at lower price and sell it at higher price, while trend is bearish, you will sell the stock at higher price so as to square off the position you will purchase it at lower price.

IDSS Brokerage rate @ M+ Online

1. All IDSS trades are subject to the current intraday rate as per the account type.
2. Any normal Intra-day trades done (not IDSS), shall be consolidated with IDSS trades contract

Limit calculation

1. The current Available Trading Limit is utilised for IDSS. However, IDSS limit shall be subjected to 20% haircut from the current available Net limit, which is updated once daily before trading starts.
   IDSS Limit Formula = Initial Available Trading Limit / 1.2
   Eg: Available Trading limit = RM 36,000 (available for buy)
   IDSS limit = RM 36,000 / 1.2 = RM 30,000
2.  The 20% haircut is not dynamic thus is not updated upon any normal sale transaction matched.
3. Upon close off the IDSS position, the haircut effect shall be reversed and returned to Net Limit.
4. The haircut is necessary to buffer to client to cover his/her IDSS position, should the buy price is higher than the IDSS price executed.
5.  Any changes on IDSS limit haircut percentage will require approval from the credit committee.
6. Temporary, adhoc limit can be granted, subject to approval from authorised personnel as per credit
   procedure.

Closing off IDSS Position:

1. All IDSS orders executed must be closed off on T-day as per Bursa Rule.
2. At and after 4.00pm, NO new IDSS order can be executed. Any unmatched IDSS orders executed before
   4.00pm will still remain until matched during 4.00pm – 4.45pm (Bursa auto cancel all unmatched orders).
3. Any IDSS outstanding (buy back) positions must be closed off by 4.00pm.

Failure to close off IDSS trades:

• Client would require to cover his/her failed position by the following options:
  To transfer from another CDS account by T+1, subject to Malacca Securities transfer rules or to use securities in
  his current CDS account if there is sufficient and same stock
• To perform manual buying-in or subject to auto buying-in by T+2

IDSS Account Application

MQ Traders group members who are interested to carry out IDSS, kindly contact MQ Trader support team at +6010 222 8313 / +6012 682 2313 / +6010 900 8313.

Not MQ Traders group members? Join us now: https://klse.i3investor.com/mqtrader/member/web/sponsored

Malaysia’s Quantitative Traders Group

Website: klse.i3investor.com/mqtrader