Archive for the ‘Industry News’ Category

UK, Goldman Sachs writes down stake in CMC Markets

December 7, 2010Andy No Comments »

Investment bank Goldman Sachs has reportedly written down its £140 million stake in financial trading firm CMC Markets PLC only three years after making the landmark investment.

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Australia, Joseph Hartman falls from Luxury to Jail for Insider Trading

December 3, 2010Andy No Comments »

In a landmark case that has reached the Australian national tabloids, a young broker charged with multiple counts of insider trading in CFDs has received a four-and-a-half year jail sentence, the highest sentence on record…

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UK, Former Blue Index Directors & Trader Charged by UK’s FSA With Insider Trading

November 26, 2010Andy No Comments »

The British FSA has charged five individuals with 17 counts of insider dealing in the latest sign of its tough approach to white collar crime.

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Australia, ASIC releases Investor Guide about CFDs Trading

November 25, 2010Andy No Comments »

Just a week after expressing concern about consumer understanding of over the counter products such as CFDs, the Australian regulator has issued a 45-page investor guide…

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Portugal, Disclosure of Long Financial Exposures for CFDs

November 19, 2010Andy No Comments »

The Portuguese financial authorities and the CMVM have brought into force new rules regarding disclosure duties to the market with regards to cash-settled derivative contracts like CFDs and other financial instruments.

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UK, FSA releases Guidance on Transaction Reporting of Chi-X Centrally Cleared CFDs

November 9, 2010Andy No Comments »

Chi-X is launching trading in a new type of instrument on 8 November 2010 – centrally cleared contracts for difference (ccCFDs). The FSA wishes to clarify in guidance how these instruments should be reported and which parties have transaction reporting obligations.

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Australia, Capital CFDs: Launch of CFD service in Australia

October 25, 2010Andy 1 Comment »

LCG plc, a leading online financial spread betting and trading company, is pleased to announce that, after successfully acquiring regulatory status with ASIC in Australia, it has today launched Capital CFDs; a CFD trading platform operating from Sydney, Australia.

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EU, More Details on Proposed Regulation on Short Selling

October 9, 2010admin No Comments »

The European Commission published a proposal (the Proposal) for a European Regulation on short selling and certain aspects of credit default swaps (CDSs)…

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Ireland, Regulator to Outline CFD Disclosure Framework within a month

October 9, 2010Andy No Comments »

Irish Finance Minister Brian Lenihan has announced that new rules regulating CFDs will be rolled out within a month, forcing investors to disclose the building of stakes in companies using such financial instruments.

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Australia, Ex-Macquarie Banker pleads guilty to Insider Trading

September 23, 2010Andy No Comments »

A former Macquarie Bank portfolio manager has pleaded guilty to insider trading on 12 occasions which amounted to more than $1.4 million in gross profit, an ASIC investigation has found.

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Australia, ASX Derivatives Trading sees 9% Growth in August

September 6, 2010Andy No Comments »

The Australian Securities Exchange reported a 9% rise in the total value of all CFD trades to $371.6 million in August, during which 16.3 million contracts were traded.

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Australia, CFD Growth Continues

August 26, 2010Andy No Comments »

The market for CFDs in Australia keeps expanding, according to new research released by Investment Trends. IG Markets is now the biggest provider with respect to primary relationships with CFD traders holding 29 per cent of the market, while CMC Markets still leads…

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UK, Betfair’s CFD Exchange Platform gains FSA approval

August 16, 2010Andy No Comments »

Online sports betting exchange operator Betfair is preparing to launch a multilateral financial trading facility for CFDs via its subsidiary LMAX, that is planned to compete with the London Stock Exchange.

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EU, CESR publishes consultation paper on Standardization and Exchange Trading of OTC Derivatives

August 4, 2010Andy No Comments »

On July 19, the Committee of European Securities Regulators (CESR) published a consultation paper (CESR/10-610) on the standardization and exchange trading of over-the-counter (OTC) derivatives.

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Ireland, Irish Regulator Reviewing Disclosure Restrictions of CFD Holdings

August 2, 2010Andy No Comments »

CFD holders which were at the center of the Quinn/Anglo Irish controversies, should face additional restrictions, corporate enforcement watchdog Paul Appleby has stated…

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