Monthly Archives: January 2016

Andrew Bailey To Serve As New FCA CEO From July 2016

2016 01 27

Andrew Bailey has been elected as the permanent Chief Executive Officer of the FCA (Financial Services Authority), UK’s top financial regulator, by Her Majesty’s Treasury. The position fell vacant in July 2015 after Martin Wheatley stepped down from the role. Since then, it was held by Tracey McDermott on an interim basis beginning from September […]

FMA Warns Against Banc de Binary After Australia’s ASIC Issues A Similar Warning

2016 01 25

Banc de Binary’s regulatory woes are far from over. After ASIC (Australian Securities and Investments Commission) issued an official warning to Australian citizens over the use of its services many months ago, New Zealand’s FMA (Financial Markets Authority) has joined the Australia financial watchdog in issuing a warning of its own against the popular CySEC-regulated […]

OptionWeb Signs Sponsorship Deal With Paris Saint Germain (PSG)

2016 01 18

In an attempt to penetrate the French market, OptionWeb has brokered a sponsorship deal with one of France’s largest football clubs, Paris Saint Germain. This is not the first time a binary options outfit has entered into a deal with a top sporting establishment. In fact, even within the French market, other binary option brokers […]

Forex and CFDs Brokers Thought they were Exempt from Reporting Rules, ASIC Does Not

2016 01 14

It turns out that some brokers offering CFDs and margin Forex trading in Australia think that they are exempt from OTC Trade Reporting Rules because, apparently, the two financial products are not outrightly listed as financial derivatives in need of such reporting standards in the relevant legislation. The news initially came to public attention after […]

Algo Trading Spreading To Binary Options From Forex Trading

2016 01 05

For a while, algo trading has been the preserve of the forex markets, but this is changing. Lately, binary option brokers have been offering algo trading as well. In fact, financial watchdogs are starting to recognize algo trading in the binary options markets. Algo Trading In Israel Still A Challenge On 31st, an Israeli forex […]