Shortly after yesterday's IG Group (LON:IGG) reaction, retail FX and CFD broker Plus500 Ltd (LON:PLUS) has also released an update following the announcements from ESMA and the FCA in which they outlined the regulatory changes ESMA proposes to implement in the coming weeks. The principal changes are: leverage limits on the opening of a position by a…
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UK online trading leader IG Group Holdings plc (LON:IGG) has just noted that the European Securities and Markets Authority (ESMA) and the Financial Conduct Authority (FCA) have issued statements announcing measures on their work in relation to the provision of contracts for difference (CFDs) and binary options to retail clients. IG informed that it is…
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More than a month and a half after the close of its public consultation period - and despite receiving a tremendous amount of pushback from both online brokers and traders from across the continent - pan-European financial regulator ESMA today released its final proposals to govern leveraged trading, which remain unchanged from its original proposals.…
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Will ESMA change its mind? While all formal indications to date indicate that ESMA plans to carry through with its new rules governing online trading - including a 30x leverage cap on CFDs - insiders within ESMA have admitted that the pan-European regulator has seen a virtual deluge of responses to its proposals, numbering in…
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Exactly a month after dropping its bombshell proposal of a hard 30x cap on CFD leverage, European pan financial regulatory body ESMA has taken the next step in enacting its proposals by formally opening a 'call for evidence' from the public and affected parties to give formal feedback on its proposals. The consultation period will…
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Pan-European financial regulator ESMA's plans to severely restrict the online trading business in Europe, if implemented, will have far-reaching effects for traders and brokers alike. ESMA's proposals include: 30x leverage cap on Forex and CFD trading ban on 'bonus' payments to retail traders ban on Binary Options trading required negative balance protection for retail clients…
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New York based FX brokerage group Gain Capital Holdings Inc (NYSE:GCAP), which operates the UK-centric City Index as well as the global FOREX.com brands, has issued a statement in response to European regulator ESMA's plans to limit leverage on FX and CFD trading to 30x. Similar to the reaction of its London-based competitor IG Group…
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Shares of the leading FCA regulated UK online brokers traded down sharply on Monday morning, following proposals made late Friday by pan-European financial regulator ESMA to enact fairly severe restrictions on leveraged FX and CFD trading. While ESMA made a number of proposals which it will put to public consultation in January - a Binary…
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FCA regulated CFD broker Plus500 Ltd (LON:PLUS) has issued its response to the proposals made late last week by pan-European regulatory authority ESMA to severely rein in the world of online leveraged trading in the EU. ESMA's proposals included: a total ban on Binary Options marketing and trading in the EU leverage restrictions on Forex…
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UK online trading leader IG Group Holdings plc (LON:IGG) has issued a formal statement in response to the proposals made late last week by pan-European regulatory authority ESMA to severely rein in the world of online leveraged trading in the EU. And, it wasn't all laudatory. While IG did state that it is is "supportive of…
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