ESMA issues updated statement on preparatory work in relation to CFDs, binary options and other speculative products offered to retail clients ESMA Guidelines and Recommendations All Articles in this Issue Date: 02 January 2018 On 15 December 2017, the European Securities and Markets Authority (ESMA) issued a statement updating on its work in relation to the sale of contracts for differences (CFDs), binary options and other speculative products to retail investors. Statement on preparatory work of the European Securities and Markets Authority in relation to CFDs and binary options offered to retail clients. The European Securities and Markets Authority (ESMA) issued this statement to provide an update on its work in relation to the provision of contracts for differences (CFDs), including rolling spot forex, and binary options to retail clients. ESMA will conduct a brief public consultation in January 2018 on this matter.