CFTC to ban use of credit cards by retail forex investors

December 9, 2014 03:50 AM
Exchange Shorts

Intercontinental Exchange will sell its final stake in Euronext, and expects the gross proceeds from the sale to amount to 96.8 million Euro. The sale is expected to close on Thursday.

DB1: Eurex Clearing appointed Reselyne Renal and Clifford Lewis as new board members who will replace three others who had stepped down earlier this year. Renal has been group credit officer for Standard Chartered Bank since November 2013, and had previously worked at Deutsche Bank for 16 years. Lewis is the lead independent director of Eris Exchange and member of the Commodity Futures Trading Commission technology advisory committee.

DGCX and DCE will deepen their product development cooperation to enhance the derivatives marketplace in the Middle East and Asia. The scope of the cooperation will include developing products in the petrochemicals and agricultural sectors in active consultation with market regulators in both China and UAE.

CFTC will ban the use of credit card by retail forex investors effective Jan., 31, 2015.

Taiwan Futures Exchange (TAIFEX) reached a consensus with the Eurex Exchange to expand bilateral cooperation in the future. TAIPEX plans to list more products on the Eurex, including the CNY exchange rate futures contracts and ETF futures contracts.

 

About the Author

Bernardo Mariano brings to ERDesk his experience structuring private deals for the acquisition of mutual exchanges. Prior to joining ERDesk Bernardo worked as a Director for Instinet and later, CEO of Reuters' Bondex. He holds an MS in Economics from University of Illinois and an MIA in Finance from Columbia University. He can be reaced at be reached at mariano@erdesk.com.