Binary options could be banned in Australia under proposals unveiled by the nation’s corporate regulator. ASIC is also looking to impose stricter conditions on the issue and distribution of CFDs after expressing concerns about the amount consumers are losing.
Spread betting and contracts for difference (CFD) provider IG Group Holdings has cited the impact of new European Securities and Markets Authority (ESMA) regulations as the primary reason behind a 16% year-on-year drop in revenue in its 2019 financial year.
Spread betting and contracts for difference (CFD) provider CMC Markets has cited the impact of new regulatory measures across Europe as the primary reason behind year-on-year declines across income and profit in 2018.
Spread betting and contracts for difference provider IG Group Holdings has forecast a 17% year-on-year decline in revenue for the 2019 financial year, primarily due to a drop in over-the-counter revenue in the European Union.
The UK’s Financial Conduct Authority (FCA) is to introduce a permanent ban on the sale, marketing or distribution of binary options to retail consumers, with the new rules coming into effect from April 2.
Playtech has reported a 54% year-on-year increase in revenue for 2018, though growth for the year was largely down to the acquisition of Italian operator Snaitech, with the solutions giant’s B2B division struggling.
Investment services provider IG Group has highlighted an “improvement in client quality” after new regulations by the European Securities and Markets Authority (ESMA) led to a slump in retail clients in the first half of the 2019 fiscal year.