Malcolm Ford Leaves CMC for Assure Hedge

Finance Magnates learned on Monday that Malcolm Ford has left his role as head of equity platform sales at CMC Markets.

Ford didn't spend long at the London-based market maker. The outgoing executive joined Peter Cruddas' firm in February of this year.

He was brought in to grow CMC's institutional business by focusing on developing the broker's relationships with hedge funds and other smaller financial institutions.

CMC has been ramping up its institutional offering over the past twelve months, likely in an effort to offset some of the impact from new regulations, introduced in August of 2018, that cap the amount of Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term the market maker can offer retail clients.

New role, same line of business

Ford will take up a similar position to the one he held with CMC at the firm he has now joined - Assure Hedge.

As its name suggests, the London-based technology company provides currency hedging services to banks and brokers.

And Ford will be helping to grow the firm's business, having been appointed head of sales for Europe, the Middle East and Africa.

Assure Hedge's newest executive brings an array of experience to his new role.

Alongside stints at a couple of technology providers, Ford spent over a decade with Credit Agricole Chevreux and also worked as an executive director in Morgan Stanley's electronic trading team.