The ban on the offering of binary options and the restrictions on the offering of CFDs to retail clients in Europe are shaping the regulation of the online trading industry of Canada too, as demonstrated by proposed amendments to Derivatives Rules by IIROC. Put bluntly, the changes will see new requirements for the offering of OTC derivatives (such as CFDs and Forex), with the reforms to be implemented in two stages. The second stage will affect margins but the consultation about this is yet to be disclosed. For the time being, IIROC has unveiled the proposed amendments in the so-called Stage 1. The proposals include ... (full story)