Tag Archives: UK Financial Conduct Authority
- Spread betting shares tumble on new UK restrictions
December 6, 2016
Spread betting firms saw their share prices tumble on Tuesday after the UK’s financial watchdog proposed stricter rules for the sector. On Tuesday, the Financial Conduct Authority (FCA) announced new restrictions on selling contracts for difference (CFD) products to retail customers who may not understand the full ramifications of their...
- UK financial watchdog publicly shames spread betting firms; CMC IPO is go
February 2, 2016
The UK’s top financial watchdog has publicly warned spread betting firms that they appear to be “failing to do enough to prevent financial crime.” On Tuesday, the Financial Conduct Authority (FCA) issued a ‘Dear CEO letter’ to firms offering spread betting, contracts for difference and ‘rolling spot’ foreign exchange products...
- Plus500 second largest shareholder to vote against Playtech £460M bid
June 9, 2015
Odey Asset Management, the second largest shareholder in financial spread betting firm Plus500, says it would vote against Playtech’s proposed £460m acquisition bid. London-based hedge fund Odey Asset Management, which has increased its stake in Plus500 from 13% to 25% over the past three weeks, said Playtech's proposed 400p per...
- Playtech agrees to acquire trading group Plus500 for £460m
June 1, 2015
Online gambling tech provider Playtech has agreed to acquire London-listed financial trading and spread betting operator Plus500 for approximately £460m. The deal builds on Playtech’s recent acquisition of a 91% stake in TradeFX, the online contracts-for-difference (CFD) and binary options trading platform provider earlier this year. Playtech will acquire the...
Playtech scrapping Marvel superhero content as of April 1
March 26, 2017
Mor Weizer: Trends are shifting toward regulated markets
April 26, 2017
Playtech co-founder offloads $139M shares
March 16, 2017