(Bloomberg) -- A European Union prohibition on the sale of binary options to retail clients will be extended for three months amid a regulatory clampdown on speculative derivatives trades.
- European Securities and Markets Authorityannounces extension of ban that has been in effect since July 2, 2018
- The three-month extension will apply from April 2, ESMA said in Feb. 18 statement
- EU restrictions on retail derivatives have applied to products offered by brokers including Plus500, CMC Markets and IG Group
To contact the reporter on this story: Silla Brush in London at sbrush@bloomberg.net
To contact the editors responsible for this story: Ambereen Choudhury at achoudhury@bloomberg.net, Keith Campbell
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