(From The Standard)
Byline: Lee Yuk-kei
Hong Kong Exchanges and Clearing (HKEx), the city's stock exchange operator, may scrap the controversial up-tick rule to put it on a par with overseas markets, exchange deputy chief operating officer Gerald Greiner said.
``In the cash market, we are looking at short selling and eliminating the tick rule,'' Greiner said in a stock exchange quarterly newsletter.
``The thinking on the rule here has gone back and forth a couple of times since 1998,'' he said. ``A lot of markets do not have a tick rule and there are advantages in not having one.'' The tick rule was reintroduced in 1998 to prevent …