CMC Markets Strengthens Tech Team by Hiring Kevin McGuinn

London-listed broker, CMC Markets (LON: CMCX) has hired Kevin McGuinn as the company’s Senior Product Manager, thus strengthening its technology team. He is based in London and has already joined the broker.

“I’m happy to share that I’m starting a new position as Senior Product Manager at CMC Markets!” he wrote in a Linkedin post recently.
McGuinn is a vastly experienced technology executive, spending his career with several financial firms.

Before joining CMC Markets, he worked at Mortgage Engine, a company that is building AI-based technology for the mortgage industry. He spent three years there as the Product and Delivery Manager and also as a Technical Business Analyst.

He started his career with Lloyds Banking Group in 2000 in software development-centric roles. Prominent roles in his career include Technical Project Manager at Barclays and eight years at Lloyds Banking Group.

Betting Big on Tech

CMC is one of the largest 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 CFDs brokers with a global presence. In addition, it offers non-leveraged products and is now considering separating its leveraged and non-leveraged businesses.

Similar to any other broker, the financials of CMC Markets also corrected in the latest news for the financial year 2022 from the peak it achieved with the pandemic-induced volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term. Though its profits dropped 59 percent, the revenue of the broker came in line with its forecast at £281.9 million.

Furthermore, McGuinn’s appointment was made as the London-headquartered broker is strengthening its technology. Recently, the broker announced that it is opening a technology hub in Manchester. It has reportedly invested more than £100 million in the firm's systems and platforms.