Archive for the ‘Industry News’ Category

Australia, CFD providers ‘need to do more’: ASIC

July 13, 2010Andy No Comments »

The Australian Securities and Investments Commission (ASIC) has warned that that the derivative product contracts for difference (CFD) will face tougher regulations unless they voluntarily introduce firmer measures to protect retail investors.

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ASIC to scrutinise Speculative Share Trading

June 10, 2010Andy No Comments »

The Australian Securities and Investments Commission (ASIC) says it will be closely monitoring certain trading tools when it takes over the supervision of financial markets later this year.

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ASIC pushing for Greater Transparency from OTC Providers

August 13, 2009Andy No Comments »

ASIC has issued its first warning targeted to the multi-billion-dollar OTC (over-the-counter) market by issuing a paper seeking more disclosure from the industry and warning investors to ask more questions.

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Shorting still weak after UK ban ends

January 30, 2009Andy No Comments »

There has been little evidence of increased short selling activity on UK financial stocks since the Financial Services Authority (FSA) lifted its ban on the practice on January 16.

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FSA moves on Contracts for Difference

October 24, 2008Andy No Comments »

The City watchdog is pushing ahead with plans to force disclosure of derivatives that help investors stealthily build positions in target companies.

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FSA Fines e-mail Snooper

August 12, 2008Andy No Comments »

An IT technician has been fined £85,000 by the City watchdog for insider trading after he accessed confidential e-mails and used the information to bet on a fall in Body Shop’s share price.

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Ireland: New product limits the dangers for smaller investors in CFD market

February 26, 2008Andy No Comments »

CMC Markets, a UK financial derivatives provider, is set to enter the Irish contracts for difference (CFD) market, offering a new product aimed at saving customers from the bloodbath experienced by investors in these instruments when the markets turned sour last year.

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UK: CFDs come in for closer scrutiny

November 20, 2007Andy No Comments »

New rules may soon force holders of contracts for difference (CFDs) to reveal their hand. In proposals unveiled on Monday (12 September) the Financial Services Authority (FSA) says it may force disclosure of positions greater than 3%.

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Ireland: Investors face tough CFD crackdown

October 21, 2007Andy No Comments »

Investors will be prevented from using contracts for difference (CFDs) from next month unless they satisfy strict new rules aimed at counteracting mis-selling of the high-risk stock market instruments.

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PSE eyes equity derivatives for OFW market

September 19, 2007Andy No Comments »

The Philippine Stock Exchange (PSE) is studying the feasibility of introducing equity derivatives or contracts for difference (CFDs) to tap into the vast market of Filipino overseas workers in line with efforts to further spur the growth of the capital market.

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Heated points of difference – Australia

August 31, 2007Andy No Comments »

FULLY FRANK: The battle lines are being drawn for a memorable stoush over contracts for difference trading.

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CFD rules set for major overhaul – Ireland

August 24, 2007Andy No Comments »

Investors who build up stakes in companies using contracts for difference (CFDs) will be forced to disclose their shareholding when current rules on the financial instrument are overhauled in the coming months.

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Irish market to be hit hard following CFD losses – Ireland

August 12, 2007Andy No Comments »

The Irish stock market is set to suffer significant fall-out from last week’s dramatic drops.

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FSA says derivatives transparency hard to enforce

July 24, 2007Andy No Comments »

LONDON (Reuters) – The Financial Services Authority faced fresh calls on Thursday to adjust rules on derivative positions used by investors to build stakes, but the watchdog said increased transparency could be hard to implement.

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Australia’s capital markets in 2007

January 22, 2007Andy No Comments »

2007 will be an innovative year in Australia’s financial sector. The ASX is set to launch exchange-traded Contracts for Difference. Since CFDs were introduced to the Australian market a few years ago the growth in the volume of contracts traded has been astonishing, no doubt at least partly due to the current bull market. This growth has also resulted in a significant increase in trading volumes of the underlying shares listed on the ASX, as the CFD providers hedge their exposures. So while the ASX has no doubt done well out of increased fees from trading, they obviously want to get a piece of the action for themselves. It will be interesting to see how their offering compares to the current leading CFD providers and how these providers will adapt to the new competition. I wonder if it will introduce opportunities for arbitrage? It also looks like the ASX will be one of the first exchanges to have listed CFDs, the only other that I have been able to find is the London Stock Exchange.

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