UK investment manager Odey Asset Management LLP has continued to buy shares of FCA regulated CFD broker Plus500 Ltd (LON:PLUS), building its stake as Plus500's largest shareholder to a more than 23% interest in the company. Odey began buying Plus500 shares early last week in the wake of Plus500's 28% share price drop, following revelations that…
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In remarks fairly critical of the FCA's new rules banning bonus payments to retail traders and limiting trading leverage to 50x, IG Group Holdings plc (LON:IGG) CEO Peter Hetherington questioned the logic behind the FCA's moves, and what the likely fallout will be. While discussing what last week was like with UK newspaper The Telegraph in an…
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Forex Industry News at LeapRate was headlined by regulator moves which are clearly going to alter the online trading industry landscape, if not change it altogether. Following news that Cyprus regulator CySEC is proposing to ban bonus payments to retail traders and put a soft cap on leverage - news which was first reported exclusively at…
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Germany's financial regulator Bundesanstalt für Finanzdienstleistungsaufsicht (or just 'BaFin') has announced new regulations governing leveraged CFD trading. BaFin's actions come just two days after UK regulator the FCA dropped a bombshell by proposing new rules limiting leverage on Forex and CFDs to 50x, and banning bonus payment inducements to retail traders. The FCA's actions sent…
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Yesterday may well be known one day as 'FCA Tuesday', the day the UK regulator shook up the online retail trading industry by introducing a hard 50x leverage cap and a ban on bonus inducement payments to retail traders. Many of the brokers affected by the FCA's new rules regime are now regrouping and reevaluating…
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Continuing our coverage of this morning’s news that UK financial regulator the FCA has issued new directives for Forex and CFD trading, banning bonus payments to retail traders and limiting CFD trading leverage to 50x... Shares of Gain Capital Holdings Inc (NYSE:GCAP), parent company of the retail Forex.com and GTX institutional FX brokerage brands, have dropped…
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Continuing our coverage of this morning’s news that UK financial regulator the FCA has issued new directives, banning bonus payments to retail traders and limiting CFD trading leverage to 50x, FCA regulated broker CMC Markets Plc (LON:CMCX) has issued a brief statement about the new rules. While stopping short of saying that the new rules won’t…
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Continuing our coverage of this morning's news that UK financial regulator the FCA has issued new directives, banning bonus payments to retail traders and limiting CFD trading leverage to 50x, FCA regulated broker and #2 UK CFD player Plus500 Ltd (LON:PLUS) has issued a brief statement about the new rules. Plus500 did admit that the new…
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UK online trading leader IG Group Holdings plc (LON:IGG) issued a brief response to this morning's new directives from the FCA, banning bonus payments to retail traders and limiting CFD trading leverage to 50x. The response was issued after IG shares, and those of its main publicly traded competitors including CMC Markets Plc (LON:CMCX) and Plus500 Ltd…
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