ASIC raises bar on OTC derivativesBY MELANIE TIMBRELL | WEDNESDAY, 1 AUG 2012 12:10PMIssuers of OTC derivatives, including CFDs and margin foreign exchange derivatives, will have to meet new financial requirements just released by ASIC. |
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Robert De Dominicis
CHIEF EXECUTIVE OFFICER
GBST HOLDINGS LIMITED
GBST HOLDINGS LIMITED
It was during a family sojourn to the seaside town of Pescara, Italy, Rob DeDominicis first laid eyes on what would become the harbinger of his future. Andrew McKean writes.
The current issues with these changes are that they seem to capture foreign exchange companies that offer physical delivery products (such as FX options), as well as other non-margin FX/CFD issuers.