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Watchdog tells Blue Index to halt trading

Evening Standard   29 May 2009


Blue Index, a high-profile City firm that deals in contracts for difference, has been ordered to stop trading by the Financial Services Authority.

The regulator declined to say why it had called a stop to trading at the firm, whose head of trading, Richard Curr, is a regular stock-market commentator in the media.

Blue Index employs 14 FSA-regulated traders and offers punters CFDs in individual shares, indices, commodities and foreign exchange.

Trading in CFDs is inherently more risky than basic share dealing.

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