BUX’s Nathan Sage Joins CMC Markets as Equities Risk Trading Manager

CMC Markets, a London-headquartered brokerage group, has hired Nathan Sage as its Equities Risk Trading Manager.

The executive announced his appointment with CMC Markets on Thursday in an update to his LinkedIn profile.

Sage, who has over seven years of trading experience in FX, spreadbetting and contract for difference (CFD) markets, was previously a Senior Trader at the Amsterdam-headquartered European neobroker, BUX.

He departed BUX, where he first worked as a Trader and later Senior Trader, after a four-year career stay that started in July 2018.

Sage’s foray into the forex and CFDs industry started in January 2015 when he joined PhilipCapital UK, a forex and CFD provider, as a Derivatives Dealer for Forex and CFDs.

Recent Reshuffles at CMC Markets

CMC Markets’ choice to hire Nathan Sage is one of several executive decisions the broker has made this year.

In September, the broker tapped Michael Bogoevski, the overseer of its Singaporean office, to become its Head of Distribution in the Asia Pacific region and in Canada.

Bogoevski joined the brokerage firm in September 2013 as the Head of Sales Trading for APAC and Canada.

Additionally, in July, CMC Markets appointed Kim Ljung Anderson, a former Director of Saxo Advanced Solutions at Saxo Bank, as its Head of Institutional Products Solutions.

Earlier in June, Sam Horowitz, who advised CMC Markets on their wholesale expansion plan, joined the brokerage as the Head of FX Distribution and Liquidity Management.

Market Performance

Meanwhile, Finance Magnates reports that CMC Markets is expecting positive growth in its half-year (H1) performance for its fiscal year 2023 (FY23).

Earlier this month, the brokerage group disclosed in its H1 2023 pre-close trading update that it was expecting approximately £153 million in net operating income for the first six months of its FY23 which ended in September 2022.

Though, the figure represents a 21% year-over-year growth for the group.

CMC Markets serves retail and institutional clients across 12 countries, including the UK, Australia, Germany and Singapore.