Australia, ASX urges ASIC to tighten broker rules

January 31, 2011Andy No Comments »

The Financial Ombudsman Service, in a report to the ASIC, has urged the commission to increase protection for investors in CFDs. The ombudsman has called for more stringent minimum standards that would restrict CFD providers from allowing unexperienced clients to trade in the derivative products.

UK, Chi-X Europe and LCH.Clearnet offer CFD clearing

January 11, 2011Andy No Comments »

LCH.Clearnet has been reported to have joined forces with Chi-X Europe, Europe’s second-largest equities market stock trading hub, to launch the world’s first contract-for-difference (CFD) clearing service) for institutional investors.

UK, Variation of CMC Markets UK plc CFD Terms of Business

January 7, 2011Andy No Comments »

CMC Markets have sent a circular to their clients informing them of a change to their CFD terms and conditions where it makes clear that if they are a retail client, they will hold funds equal to their total equity in a segregated bank account.

Dubai and Qatar to be first Gulf Countries to allow Short-Selling?

December 18, 2010Andy No Comments »

The United Arab Emirates and Qatar may well become the first two Gulf countries to permit short-selling as regulators try to revive trading volumes.

Australia, CFD newcomer supports tighter ASIC Rules

December 9, 2010Andy No Comments »

Capital CFDs back ASIC’s moves to close loopholes on regulations on the Australian market.

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.

Europe, ETX Capital Introduces Eastern European Currencies and Shares to its CFD platform

December 7, 2010Andy No Comments »

ETX Capital was reported by CityAM to have expanded its range of markets by introducing Eastern European forex pairs and shares to its CFD platform.

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…

France, French Regulator Urges Public Caution On Forex CFDs

December 2, 2010Andy No Comments »

The French market regulator Wednesday called for ‘caution’ on foreign-exchange trading via Contracts For Difference, or CFDs, and forex forwards.

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.

Australia, IG Markets Responds to the ASIC Report

November 26, 2010Andy No Comments »

IG Markets, one of Australia’s leading CFD Providers has responded to the ASIC report by issuing a press release stating that it supports ASIC’s proposed introduction of disclosure benchmarks for CFD providers..

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…

UK, CMC Markets Introduces Precision Pricing

November 24, 2010Andy No Comments »

CMC Markets has introduced new pricing technology which we are told provides a greater degree of transparency on pricing of CFD contracts plus a number of spread cuts..

UK, IG Group faces €25m claim from former Echelon Clients

November 23, 2010Andy No Comments »

Three ultra-rich clients of the collapsed Scottish trading house Echelon Wealth Management are suing IG Group for damages amounting to more than €25 million (£21.3million).

UK, Team Sky new Official Partner: IG Markets!

November 19, 2010Andy No Comments »

CFD provider IG Markets, part of IG Group has become the official sponsor of professional British road cycling outfit Team Sky. Team Sky is Britain’s leading professional cycling team and the announcement makes IG Markets an Official Partner of Team Sky.