Exclusive: CPT Markets UK Becomes a Member of the LSE

CPT Markets UK, which previously went by the name of Citypoint Trading, has become a member of the London Stock Exchange (LSE), the foreign exchange (Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term), and contracts for difference (CFD) firm revealed exclusively to Finance Magnates.

Commenting on the announcement, Nick Lewis, the CEO of CPT Markets UK, said: “Even though CPT Markets UK has been operating out of the UK for more than 10 years, 2019 has been our most exciting year to date."

“Following our change of ownership, we have moved our offices to Canary Wharf, expanded our headcount, undertaken a rebranding of the firm to CPT Markets UK, upgraded our FCA regulatory license and to finish the year off, joined the London Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term as a non-trading member.

“This marks the next step in our expansion plans and can be viewed as a strong indicator of our growth trajectory as we look to add multiple new ranges to our current FX and CFD platform.”

CPT Trading UK eyes further expansion

Citypoint Trading, which has been offering FX and CFD products based out of London since it was incorporated in 2008, was acquired last year by Allen Market Limited, a holding company based in the United Kingdom. Since then, it has expanded its workforce, rebranded to CPT Markets UK, and launched a new website.

Earlier this year, as Finance Magnates reported, the company received approval from the Financial Conduct Authority (FCA) to upgrade its permissions to full scope, “IFPRU €730k” license.

“We at CPT Markets UK strongly believe that this is the start of an exciting journey, as part of which we intent to assess different product propositions that, if judged to be suitable, we can then deliver to our client base in Asia as well as other upcoming regions,” added Costas Xitas, the COO of CPT Markets UK.