ESMA decides ban on binary options, curbs on contract trading for retail clients
( March 27, 2018, 06:02 GMT | Official Statement) -- MLex Summary: Spread-betting firms will be barred from letting ordinary savers trade in binary options and will have to limit their leverage and losses on trading in contracts for difference, under a three-month ban planned by the European Securities and Markets Authority. ESMA said that later it will consider extending the measure — its first product intervention under the Markets in Financial Instruments Directive — by three more months.The following is the text of the statement. See the attachments for additional information and a question-and-answer document....
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