The City watchdog has brought forward plans to make investors disclose positions based on derivatives in a bid to prevent the instruments being used to silently build holdings in a company.
Category - Industry Happenings
Trouble at Dealstream
Clients of Dealstream are concerned after the company's trading system went down last week. Calls placed to the derivatives broker and its CEO Russell Leigh went unanswered Monday morning. Dealstream...
Short-Selling Bans ‘Causing Chaos’
Britain was the first to ban investors from taking short positions on banking and financial institutions' shares last week and was followed on Friday by bans in the US sharemarkets.
London Brokers Raise Margins to Cover CFDs
Several of London's stockbrokers have followed MF Global Ltd.'s decision to demand more money from its clients to cover derivative positions, the Daily Telegraph newspaper reported.
Bourse in world first with CFD exchange
The Australian Stock Exchange is establishing the world's first exchange-traded market for contracts-for-difference on the Sydney Futures Exchange, after yesterday naming eight broking firms as...
Minister moves to offset Revenue decision on CFDs
There has been positive news on the tax front since the conference as Minister moves to offset Revenue decision on CFDs - The St Patrick's Day decision to change the tax treatment of CFDs on equities...
Exchange alarm as Revenue eyes CFD stamp levy
Stock Exchange officials will meet the Revenue today in a continuing campaign to head off the imposition of stamp duty on a major hedge fund activity.