Article by Mr Michael Jones and Mr Peter Bateman On 7 November Rule 8 of the Takeover Code was amended to require certain dealings in options and derivatives related to target shares to be disclosed...
Category - Industry Happenings
New Disclosure Rules for CFDs to take effect in June 2009
New rules requiring disclosure of long contracts for difference (‘CFDs’) and similar derivative products having a ‘similar economic effect’ have come into force from 1 June...
Australia, Leading CFD Providers form Industry Body
Six leading CFD brokers in Australia have joined in an initiative to produce a set of 16 industry standards, including unconditional segregation of client funds as they attempt to win back the trust...
Australia, Saxo Capital Markets Launches Australian Retail Operations
After a few forays in Australia as a financier and platform provider for failed trading houses like Tricom and Sonray, Danish bank Saxo has decided to ramp up its business in Australia and has now...
China, China looks to Strengthen Short Selling Activity
China is planning the setup of a Centralised Securities Lending Exchange to boost short-selling, a move that would add liquidity to its capital markets and help develop the country's nascent hedge...
Singapore, Worried Singapore investors rally at MF Global office
Private investors in Singapore concerned about their investments rallied outside MF Global's local offices in the country but ended up distressed and empty-handed on Wednesday after they were...
USA, MF Global Files for Bankruptcy After Bad Bets on European Debt
MF Global filed for bankruptcy on Monday morning in New York after revealing $6.3bn of eurozone debt exposure...
Australia, Technical glitch takes ASX offline for hours
Australian Stock Exchange operator ASX Group stopped market trading last week due to technical problems, leaving brokers and CFD traders furious during a period of extreme market turbulence.
USA, MF Global Acquires Multi-Asset Retail Trading Platform
MF Global Holdings Ltd., a broker-dealer based in New York that provides stock market trading and hedging solutions has just announced that it has acquired Chicago-based Strategy Runner Trading Ltd
UK, TD Waterhouse launches enhanced Retail Derivatives Service
TD Waterhouse, UK execution only broker which services more than 200,000 customers has enhanced its contracts for difference service by launching TD Derivatives Trading for CFD trades, which will...