Friday, March 16, 2012

Irish spreadbetting firms shares suspended

Irish spreadbetting firms shares suspended

Irish spreadbetting firms shares suspended

Posted: 16 Mar 2012 08:46 AM PDT

Leading Irish spread betting firm World Spreads have had their shares suspended amid concerns about the financial state of the company. WorldSpread’s CEO Conor Foley resigned earlier this week.

WorldSpreads has had a difficult start to the year as Niall O’Kelly resigned as group CFO in February 2012.  WorldSpreads reported a loss for the financial year to March … [visit site to read more]

ICE exchange to launch NDF clearing

Posted: 16 Mar 2012 12:48 AM PDT

ICE a leading futures and derivatives exchange has planned to clear non deliverable FX products on the back of growing demand by market participants.The executing venue will initially clear more liquid NDF’s including Chinese Yuan, Brazilian Real, Russian Ruble, Indonesian Rupiah, Korean Won, Indian Rupee and Chilean Peso.

FX clearing has become a hot topic post Dodd Frank reforms. NDF’s were highlighted as contracts that should be … [visit site to read more]
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