Hello! I am reading a finance book and within it is a line that I am having trouble understanding.
It reads: “When the broker executes the trade, they are required to indicate if the sale is short or not – but that does not always happen…. No one seems to keep track of whether or not the trade was short when it was executed…”
My thinking is that when any trade is executed, the seller is always short and the buyer long. Could they be referring to whether or not the sale was used with borrowed shares? Isn't every sale a short sale?
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