“Scandals in the OTC industry, bankruptcies related to SNB type events and binary options scammers have given ample justifications to exchange lobbyists to argue against the OTC retail industry. In the end who do you think has more clout with the FCA? The LSE or IG markets ? It is obvious who is going to win.” This week will most certainly be remembered as a milestone in the history of the retail FX business, as it is the week in which the Financial Conduct Authority (FCA) in Britain issued a consultation paper which detailed its proposals to restrict the method by which contracts for difference (CFDs) are provided ... (full story)