RPT-Short-selling "vital" to markets - new WFE head (at Reuters)

MILAN, Oct 14 (Reuters) - Short-selling is a "vital" tool for the functioning of markets and should not be demonised, the incoming of chairman of the group representing the world's exchanges said on Tuesday. "Short-selling is recognised as a viable and vital (instrument) of the market," William Brodsky, who is also chief executive of the CBOE, told a news conference. Speaking after a two-day meeting of the World Federation... [read full story]