Apparently things aren't too well over at LMAX. The LMAX CFD and FX trading backed by Goldman Sachs and owned by Betfair reported a pre-tax loss amounting to £13.2m in the year to April 30, 2011 on...
Category - Industry News
Australia, ASIC seeks more Disclosure on CFDs
The Australian Securities and Investments Commission has tightened the rules governing contracts for difference which now require clearer disclosure in seven areas.
Australia, ASIC aims to tighten rules around CFDs and Margin Forex Trading
The Australian Securities and Investments Commission (ASIC) has proposed a tightening of the rules around the financial requirements for issuers of over-the-counter derivative products.
UK, Retrieving Money from Direct Sharedeal
Glasgow-headquartered CFD stockbroker has been put into administration. This could spell trouble for some IFAs.
Australia, Regulator to close loophole on CFDs Trading
ASIC is thought to be working to close a loophole in CFD trading in which some CFD issuers keep trading even when the underlying security has stopped trading.
UK, Chief quits Betfair’s LMAX months after retail launch
The CEO of Betfair's financial trading exchange LMAX has left the company - only three months after the trading platform launched for retail investors.
Australia, Former Macquarie fund manager sentenced for Insider Trading
Former Macquarie Bank trader Oswyn de Silva has been sentenced to 2 1/2 years' jail time for insider trading by "front running" his orders on the Singapore Stock Exchange in 2006 and 2007.
UK, Financial Ombudsman Service registers an Increase in Advisory CFD Services Complaints
The Financial Ombudsman Service (FOS) has registered an increase in complaints in relation to advisory CFD providers with particular emphasis on broker charges having reported 250 cases in the last...
Australia, ASX urges ASIC to tighten broker rules
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...
Dubai and Qatar to be first Gulf Countries to allow Short-Selling?
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.