Exclusive: City Index, CMC Markets & IG Group Form UK CFD Association

[kreslik.news]

Following the announcement that the UK Financial Conduct Authority (FCA) is proposing a cap on leverage limits for retail traders, top industry representatives from the UK are uniting into a CFD providers association. GAIN Capital’s City Index unit, CMC Markets and IG Group are forming the new UK industry body, sources with knowledge of the matter shared with Finance Magnates.

A lobby organization can be beneficial for the UK industry as brokers can take a united position and jointly discuss with the regulator their worries. The retail trading industry has seen substantial challenges lately with CySEC mandating ... ([url=http://www.financemagnates.com/forex/regulation-3/exclusive-city-index-cmc-markets-ig-group-form-uk-cfd-association/]read more)