CMC Markets to Build a Technology Hub in Manchester
- Over GBP 100 million has been invested in the firm's systems and platforms.
- CMC Markets aims to 'decentralize' its operations.

According to Financial News, the expansion is part of a ‘high-growth’ strategy deployed by the company that aims to decentralize its operations from London.
“Manchester is quickly proving itself to be one of the leading technology hubs in the country. This investment by CMC will not only enable us to bring jobs to the region, but it will also allow us to build on the city’s vibrant and growing financial technology sector and tap into the diverse, highly skilled workforce,” David Fineberg, CMC’s Deputy Chief Executive Officer, commented.
Financial News reported that the firm has already invested over GBP 100 million into its systems and platforms. “We are truly excited by the potential that an office in the North-west brings us. As a company, we know that our clients want to see new product ideas and solutions rolled out quickly, which is reliant on us having the right skill sets at our disposal. While many companies may tackle a problem like this by looking to offshore the work, we have chosen to build technology teams in our new Manchester hub, where there’s already a growing FinTech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Read this Term sector, a significant talent pool and a number of world-leading universities. We believe we can deliver a step-change for the business as well as support the levelling-up agenda,” Simon King, the Head of IT Development at CMC Markets, pointed out.
FY22 Revenues Expectations
In April, CMC Markets said that it was expecting the net revenue income for the financial year 2022 to be approximately GBP 280 million.
This figure is at the top end of the company’s earlier revenue guidance between the range of GBP 250 million and GBP 280 million after it was lowered from the initial estimation of more than GBP 330 million.
According to Financial News, the expansion is part of a ‘high-growth’ strategy deployed by the company that aims to decentralize its operations from London.
“Manchester is quickly proving itself to be one of the leading technology hubs in the country. This investment by CMC will not only enable us to bring jobs to the region, but it will also allow us to build on the city’s vibrant and growing financial technology sector and tap into the diverse, highly skilled workforce,” David Fineberg, CMC’s Deputy Chief Executive Officer, commented.
Financial News reported that the firm has already invested over GBP 100 million into its systems and platforms. “We are truly excited by the potential that an office in the North-west brings us. As a company, we know that our clients want to see new product ideas and solutions rolled out quickly, which is reliant on us having the right skill sets at our disposal. While many companies may tackle a problem like this by looking to offshore the work, we have chosen to build technology teams in our new Manchester hub, where there’s already a growing FinTech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to supply a technological service that not only simplifies but also aids consumers, business operators, and networks.This is done by optimizing business processes and financial operations through the implementation of specialized software, algorithms, and automated computing processes. Transitioning from the roots of the financial sector, fintech providers can be found through a multitude of industries such as retail banking, education, cryptocurrencies, insurance, nonprofit, and more. While fintechs cover a vast array of business sectors, it can be broken down into four classifications which are as followed: Business-to-business for banks, Business-to-business for banking business clients, business-to-consumers for small businesses, and consumers. More recently, fintechs presence has become increasingly apparent within the trading sector, primarily for cryptocurrencies and blockchain technology.The creation and use of Bitcoin can also be contributed to innovations brought upon by fintechs while smart contracts through blockchain technology have simplified and automated contracts between buyers and sellers. As a whole, fintechs applications are growing more diverse with a consumer-centric focus while its applications continue to innovate the trading and cryptocurrency sectors through automated technologies and business practices. Read this Term sector, a significant talent pool and a number of world-leading universities. We believe we can deliver a step-change for the business as well as support the levelling-up agenda,” Simon King, the Head of IT Development at CMC Markets, pointed out.
FY22 Revenues Expectations
In April, CMC Markets said that it was expecting the net revenue income for the financial year 2022 to be approximately GBP 280 million.
This figure is at the top end of the company’s earlier revenue guidance between the range of GBP 250 million and GBP 280 million after it was lowered from the initial estimation of more than GBP 330 million.