The regulator says that it has been reviewing these products due to potential risks to traders and held discussions with the sector in the process of coming to its decision. The Financial Markets Authority (FMA) in New Zealand has declared that businesses selling short-duration derivatives will need to be licensed. The products, which include binary options and contracts-for-difference, pose potential risks to traders, leading the FMA to introduce the legislation. The FMA has said it has received a “steady volume” of complaints about short-term forex trading and other similar products. In an interview with Bloomberg TV, Mr Key said: “The idea is not to make money out of it.
The Financial Markets Authority (FMA) in New Zealand has declared that businesses selling short-duration derivatives will need to be licensed. The products, which include binary options and contracts-for-difference, pose potential risks to traders, leading the FMA to introduce the legislation. The FMA has said it has received a “steady volume” of complaints about short-term forex trading and other similar products. In an interview with Bloomberg TV, Mr Key said: “The idea is not to make money out of it.