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Why industry questions Quebec's plans to impose binary options ban?

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asked Apr 24, 2017 by gaus (2,590 points)

1 Answer

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answered Apr 24, 2017 by Mike (1,780 points)

I read somewhere that one of the main issues raised by the proposed changes is the scope of the ban. As expected, Exchanges demand certainty that the ban (if there is one) will not apply to exchange-traded products. This is underlined by the stance of TMX Group. Although the Montréal Exchange  and Canadian Derivatives Clearing Corporation  support the AMF intentions to enhance investor protection, they suggest that it is possible to achieve these objectives by reducing the scope of the proposed prohibition so that offering of products via an exchange authorized in Quebec shall not be prohibited.

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