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CMC Markets
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Executive Moves
CMC Markets Elevates Long-Term Executive to Head of Institutional APAC and Canada
2024-04-24T08:37:46.080+02:00
Michael Bogoevski has spent about 16 years of his career at CMC Markets.
He was previously the Head of Distribution for APAC and Canada.
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Brokers
CMC Invest Enhances UK Offering with Personal Pension Products
2024-04-15T07:34:27.755+02:00
The platform introduces Self-invested Personal Pension (SIPP) with tax benefits.
The newly launched products are exclusively available to Premium plan investors.
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CMC Markets Gets Bullish: FY24 Income to Exceed Expectations
2024-03-27T09:22:45.420+02:00
The company was earlier expecting the operating income to be between £290 million and £310 million.
Its H1 FY24 revenue tanked 20 percent.
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Executives
CMC Markets' Chief Analyst Michael Hewson Steps Down after 15 Years
2024-03-20T23:04:08.830+02:00
His role entailed organizing the analysis of the daily financial markets, focusing on markets traded by CMC Markets.
Previously, Hewson served as the Senior Market Analyst at CMC Markets.
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Retail FX
CMC Invest Signs Singaporean Athlete Shanti Pereira as an Ambassador
2024-03-07T08:38:38.725+02:00
Her focus will be to raise awareness about early investing and financial literacy.
CMC Invest is available in the UK, Singapore, and Australia.
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Executives
Marex's Non-exec Director Sarah Ing Joins City of London Investment Group's Board
2024-02-23T14:50:22.831+02:00
Ing has served as a Non-Executive Director at CMC Markets since September 2017.
She brings over 30 years of experience in accountancy, investment banking, and fund management to her new role.
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Retail FX
Breaking: CMC Markets to Reduce 17% Staff
2024-02-05T09:40:46.477+02:00
The move came as a part of its “cost reduction and efficiency plans.”
The broker estimates annualized realized savings of £21 million in FY25.
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Retail FX
CMC Markets Enhances Compliance Tech with New Partnership
2024-01-23T13:10:41.923+02:00
AQMetrics' collaboration aims for improved MiFID II compliance in financial services.
CMC wanted to simplify regulatory reporting with innovative technology.
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Executive Moves
CMC Markets Names New Singapore Head to Focus on CFDs Growth
2024-01-10T09:30:35.152+02:00
Kurt Mayell previously worked at the APAC unit of CMC.
He first joined CMC Markets APAC in 2013.
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Retail FX
CMC Markets Lifts FY2024 Income Forecast by £40 Million
2024-01-08T10:04:46.237+02:00
The company raises FY2024 net income forecast to £290-310 Million after a strong Q3.
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Brokers
CMC Markets Ends H1 with a Loss: Trading Revenue Tanks 32%
2023-11-16T10:18:02.308+02:00
The company reported a pre-tax loss of £2 million.
The number of its active clients declined 7 percent.
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Retail FX
CMC Invest: The Stock Trading Platform Is Live in Singapore
2023-09-25T13:11:54.565+02:00
CMC initially provided access to the platform to its CFDs clients in Singapore.
The stock trading platform is also available in the UK and Australia.
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Executive Moves
CMC Markets Names Albert Soleiman as New CFO
2023-09-04T10:04:32.837+02:00
Soleiman has recently been leading CMC Invest UK.
He is a qualified Chartered Accountant and spent much of his career at CMC.
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Retail FX
CMC Markets Lowers FY24 Outlook, Shares Tumble
2023-08-25T10:07:32.802+02:00
The broker highlighted “subdued market conditions” behind the timid outlook.
Markets quickly reacted to the income estimation as CMC shares plummeted almost 20 percent.
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Institutional FX
CMC Markets Connect Collaborates with Lucera to Enhance FX Connectivity Offering
2023-08-02T13:34:07.794+02:00
CMC Connect will leverage Lucera's LumeFX suite.
The company wants to improve in-house FX connectivity and serve a broader client base.
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Retail FX
CMC Markets Leverages Open Banking: Integrates TrueLayer for Faster Transactions
2023-08-02T10:09:56.205+02:00
The publicly-listed broker adds a new payment partner.
CMC Markets now uses TrueLayer's closed-loop payments product in the UK and Europe.
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Retail FX
CMC Markets’ Q1 Trading Activity Drops between 15-20%
2023-07-27T09:33:04.302+02:00
A market slowdown was behind the downturn in trading.
However, the company gained from increased interest rates.
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Institutional FX
CMC Markets Connect to Utilize Skale's CRM for Forex Brokers
2023-07-18T09:40:50.899+02:00
Skale has integrated its CRM and client portal into CMC's multi-asset trading solution.
The integration responds to client demand and extends Skale's enterprise-grade offerings.
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Executive Moves
CMC Markets' Group CFO Euan Marshall Resigns
2023-07-07T10:15:12.190+02:00
He will leave the company in January to join IntegraFin as the CFO.
CMC will start searching for a new CFO shortly.
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Retail FX
CMC Markets’ FY23 Net Income Follows Guidance, Profit Drops 43%
2023-06-13T09:22:57.464+02:00
The net trading income from CFDs and spread betting came in flat.
The number of active traders decreased by 9 percent.
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Retail FX
CMC Markets Enters Blockchain Space with Investment in StrikeX
2023-06-09T08:44:38.092+02:00
StrikeX is a customer-centric blockchain solutions business.
The strategic investment will allow CMC to access blockchain products.
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Retail FX
CMC's CFDs Clients in Singapore Can Access 'Invest' from May
2023-04-04T10:01:21.200+02:00
The platform will start opening new accounts in Q3.
It is already available in the UK and Australia.
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Institutional FX
CMC Markets Expands Dubai Operations, Eyes Growth in Middle East
2023-04-03T18:03:50.902+02:00
CMC Markets plans to introduce cash equities product suite to its institutional clients.
The company first established its presence in Dubai in 2019.
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Retail FX
News Nuggets | 28 March: FMA Flags CFDs Broker; AI in Portfolio Management
2023-03-28T08:53:24.412+02:00
Also, CMC Markets, Binance, and CobaltFX.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
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Retail FX
CMC Markets Pegs Expected FY23 Income at £290M
2023-03-27T21:40:11.759+02:00
The firm previously said the income was "tracking in line" with market expectation.
The broker says CMC Invest will go live in Singapore "over the coming months."
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