The collaboration will allow Revolut customers to access CMC's trading universe.
According to the official statement, the partnership is set to begin immediately.
The publicly listed brokerage CMC Markets (LON: CMX) has announced a strategic partnership with Revolut. The collaboration will integrate multiple APIs, enabling Revolut customers to access CMC's trading universe
directly through the neo-banking app.
CMC Connect Forges
Major Fintech Partnership with Revolut
Under the
partnership, CMC Markets Connect will provide the back-end infrastructure,
including trading, pricing, account systems, execution, and clearing.
Initially, Revolut customers will gain access to FX, index, commodities,
treasuries, and equity CFDs, potentially expanding into other asset
classes as the relationship evolves.
CMC Markets CEO, Peter Cruddas
"The
partnership facilitates back-to-back trading with Revolut, along with a
complete back-end integration," said Lord Cruddas, CEO of CMC Markets.
"We look forward to supporting Revolut's customers with access to our
extensive trading universe."
The
partnership is expected to launch imminently, allowing Revolut customers to
benefit from CMC's trading capabilities within the familiar interface of the
Revolut app.
CMC Markets
Connect, a division of CMC Markets Plc, serves a global institutional client
base, providing online trading and investment services to banks, brokerages and
dealing desks.
"As a
global neobank, we work with a wide range of fintech providers to ensure
Revolut customers have access to best-in-class solutions for their investing
needs," a spokesperson from Revolut said, acknowledging CMC's market
experience and ability to integrate trading systems with other financial
institutions.
For Revolut, this is the first collaboration with a popular UK trading company after the neobank announced last week that it is moving its main headquarters to the heart of London's financial district, capitalizing on the departures of big banks from Canary Wharf. Meanwhile, the company has also partnered with the British-Romanian Chamber of Commerce (BRCC) to support investments between the UK and Romania.
Cruddas further
emphasized the significance of this partnership in reinforcing CMC's position
as a market leader and innovator in the B2B fintech space. "It illustrates
how CMC can fully support institutions looking to offer financial products with
a full technology and trading infrastructure.”
CMC Markets Optimistic
About 2024
According
to the latest financial data released by CMC in March, the company anticipates
that its net operating income for the fiscal year 2024 will
exceed the upper end of its previously guided range of between £290 million
and £310 million. This optimistic outlook follows a robust performance in the
third quarter of the current fiscal year. In January, CMC raised its income
forecast by £40 million, and now it expects to surpass this revised projection.
In April,
CMC Invest, the equity trading arm of CMC, expanded its services in the United
Kingdom by
launching a Self-Invested Personal Pension (SIPP) scheme. Announced last
Friday, this new offering is structured as a flat fee product and is developed
in partnership with Quai Investment Services, exclusively available through its
Premium plan.
Additionally,
CMC Markets recently
elevated Michael Bogoevski to the position of Head of Institutional APAC
and Canada, based in Sydney, Australia. Bogoevski, who has a longstanding
association with the company, previously served as Head of Distribution for
APAC and Canada
The publicly listed brokerage CMC Markets (LON: CMX) has announced a strategic partnership with Revolut. The collaboration will integrate multiple APIs, enabling Revolut customers to access CMC's trading universe
directly through the neo-banking app.
CMC Connect Forges
Major Fintech Partnership with Revolut
Under the
partnership, CMC Markets Connect will provide the back-end infrastructure,
including trading, pricing, account systems, execution, and clearing.
Initially, Revolut customers will gain access to FX, index, commodities,
treasuries, and equity CFDs, potentially expanding into other asset
classes as the relationship evolves.
CMC Markets CEO, Peter Cruddas
"The
partnership facilitates back-to-back trading with Revolut, along with a
complete back-end integration," said Lord Cruddas, CEO of CMC Markets.
"We look forward to supporting Revolut's customers with access to our
extensive trading universe."
The
partnership is expected to launch imminently, allowing Revolut customers to
benefit from CMC's trading capabilities within the familiar interface of the
Revolut app.
CMC Markets
Connect, a division of CMC Markets Plc, serves a global institutional client
base, providing online trading and investment services to banks, brokerages and
dealing desks.
"As a
global neobank, we work with a wide range of fintech providers to ensure
Revolut customers have access to best-in-class solutions for their investing
needs," a spokesperson from Revolut said, acknowledging CMC's market
experience and ability to integrate trading systems with other financial
institutions.
For Revolut, this is the first collaboration with a popular UK trading company after the neobank announced last week that it is moving its main headquarters to the heart of London's financial district, capitalizing on the departures of big banks from Canary Wharf. Meanwhile, the company has also partnered with the British-Romanian Chamber of Commerce (BRCC) to support investments between the UK and Romania.
Cruddas further
emphasized the significance of this partnership in reinforcing CMC's position
as a market leader and innovator in the B2B fintech space. "It illustrates
how CMC can fully support institutions looking to offer financial products with
a full technology and trading infrastructure.”
CMC Markets Optimistic
About 2024
According
to the latest financial data released by CMC in March, the company anticipates
that its net operating income for the fiscal year 2024 will
exceed the upper end of its previously guided range of between £290 million
and £310 million. This optimistic outlook follows a robust performance in the
third quarter of the current fiscal year. In January, CMC raised its income
forecast by £40 million, and now it expects to surpass this revised projection.
In April,
CMC Invest, the equity trading arm of CMC, expanded its services in the United
Kingdom by
launching a Self-Invested Personal Pension (SIPP) scheme. Announced last
Friday, this new offering is structured as a flat fee product and is developed
in partnership with Quai Investment Services, exclusively available through its
Premium plan.
Additionally,
CMC Markets recently
elevated Michael Bogoevski to the position of Head of Institutional APAC
and Canada, based in Sydney, Australia. Bogoevski, who has a longstanding
association with the company, previously served as Head of Distribution for
APAC and Canada
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
X Open Hub’s CEO, Michal Copiuk, on the developments of AI
X Open Hub’s CEO, Michal Copiuk, on the developments of AI
CySEC’s Chairman, Dr George Theocharides, speaking at the iFX EXPO International 2024
CySEC’s Chairman, Dr George Theocharides, speaking at the iFX EXPO International 2024
CySEC’s Chairman, Dr George Theocharides, speaking at the iFX EXPO International 2024
CySEC’s Chairman, Dr George Theocharides, speaking at the iFX EXPO International 2024
FX and CFDs in Africa: Key Industry Trends | FMAS:24
FX and CFDs in Africa: Key Industry Trends | FMAS:24
As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See how these factors enhance trading accessibility, transparency, financial inclusion, and opening new investment opportunities. Learn about the digital transformation's impact on trading –the role of technology, social platforms, and automated systems in democratizing market access.
SPEAKER: Christoforos Panagiotou, Africa Regional Manager at Fxview @Fxview
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
As Africa joins the global financial markets, its unique economy fuels forex and CFD trading innovation. Discover growth drivers: tech advancements, regulations, and increased financial education for African traders. See how these factors enhance trading accessibility, transparency, financial inclusion, and opening new investment opportunities. Learn about the digital transformation's impact on trading –the role of technology, social platforms, and automated systems in democratizing market access.
SPEAKER: Christoforos Panagiotou, Africa Regional Manager at Fxview @Fxview
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
Asset Allocation & Trading in a Lower Interest Rate Environment | FMAS:24
Asset Allocation & Trading in a Lower Interest Rate Environment | FMAS:24
Traditional investment paradigms shift in a lower interest rate environment, compelling investors to reassess their asset allocation and trading strategies. This scenario prioritizes diversification beyond conventional bonds and equities. Investors should adapt by seeking assets with the potential for higher yields, considering global markets, and employing dynamic trading strategies that leverage short-term market fluctuations, all while managing risk more meticulously to safeguard returns.
SPEAKER: Roger Eskinazi, Managing Partner at Tickmill South Africa
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
Traditional investment paradigms shift in a lower interest rate environment, compelling investors to reassess their asset allocation and trading strategies. This scenario prioritizes diversification beyond conventional bonds and equities. Investors should adapt by seeking assets with the potential for higher yields, considering global markets, and employing dynamic trading strategies that leverage short-term market fluctuations, all while managing risk more meticulously to safeguard returns.
SPEAKER: Roger Eskinazi, Managing Partner at Tickmill South Africa
#fmas #fmas24 #fmevents #financemagnates #fintech #technology #onlinetrading #forex #investing #investors
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!