FxPro Signals IPO Plan is Shelved Amid FCA Crackdown on CFD Brokers

[kreslik.news]

Multi-asset retail brokerage FxPro brand, a Cyprus-based and FCA regulated platform, said on Wednesday that it had cancelled plans to list on the London stock exchange, as the UK regulator threatens stricter rules for activities of firms selling CFDs to retail customers, people familiar with the matter told Sky News.

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FxPro has stepped up plans for a float early this year after sounding out potential advisers. The company was working with Credit Suisse and Morgan Stanley over the potential initial public offering, and has ... (read more)