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.
Category - Industry News
Australia, ASX Derivatives Trading sees 9% Growth in August
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.
Australia, CFD Growth Continues
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...
UK, Betfair’s CFD Exchange Platform gains FSA approval
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...
EU, CESR publishes consultation paper on Standardization and Exchange Trading of OTC Derivatives
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.
Ireland, Irish Regulator Reviewing Disclosure Restrictions of CFD Holdings
CFD holders which were at the center of the Quinn/Anglo Irish controversies, should face additional restrictions, corporate enforcement watchdog Paul Appleby has stated...
Australia, CFD providers ‘need to do more’: ASIC
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...
ASIC to scrutinise Speculative Share Trading
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.
ASIC pushing for Greater Transparency from OTC Providers
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...
Shorting still weak after UK ban ends
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.