GAIN Capital Seems Less Concerned About‎ ESMA‎ Rules, 5% of ‎Revenue at Risk

[kreslik.news]

The European Securities Markets Authority (ESMA) continues to receive responses to its new rules which limit the sale of risky trading bets to retail investors.

GAIN Capital said it does not agree with “every aspect of ESMA’s new rules,” namely the proposal to cap the maximum leverage. However, the listed firm shows a less concerned reaction compared to its industry peers who mostly described the new limits as highly restrictive and discriminates against retail traders.

GAIN indicated that it operates a broadly diversified business, which includes a retail FX/CFD business spanning eight regulatory jurisdictions. As a result of this diversification across business ... (read more)