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Executive Moves

CMC Markets Names New Singapore Head to Focus on CFDs Growth

  • Kurt Mayell previously worked at the APAC unit of CMC.
  • He first joined CMC Markets APAC in 2013.
Wednesday, 10/01/2024 | 07:30 GMT by Arnab Shome
Retail FX

CMC Markets Lifts FY2024 Income Forecast by £40 Million

  • The company raises FY2024 net income forecast to £290-310 Million after a strong Q3.
Monday, 08/01/2024 | 08:04 GMT by Damian Chmiel
Brokers

CMC Markets Ends H1 with a Loss: Trading Revenue Tanks 32%

  • The company reported a pre-tax loss of £2 million.
  • The number of its active clients declined 7 percent.
Thursday, 16/11/2023 | 08:18 GMT by Arnab Shome
Retail FX

CMC Invest: The Stock Trading Platform Is Live in Singapore

  • 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.
Monday, 25/09/2023 | 11:11 GMT by Arnab Shome
Executive Moves

CMC Markets Names Albert Soleiman as New CFO

  • Soleiman has recently been leading CMC Invest UK.
  • He is a qualified Chartered Accountant and spent much of his career at CMC.
Monday, 04/09/2023 | 08:04 GMT by Arnab Shome
Retail FX

CMC Markets Lowers FY24 Outlook, Shares Tumble

  • The broker highlighted “subdued market conditions” behind the timid outlook.
  • Markets quickly reacted to the income estimation as CMC shares plummeted almost 20 percent.
Friday, 25/08/2023 | 08:07 GMT by Arnab Shome
Institutional FX

CMC Markets Connect Collaborates with Lucera to Enhance FX Connectivity Offering

  • CMC Connect will leverage Lucera's LumeFX suite.
  • The company wants to improve in-house FX connectivity and serve a broader client base.
Wednesday, 02/08/2023 | 11:34 GMT by Damian Chmiel
Retail FX

CMC Markets Leverages Open Banking: Integrates TrueLayer for Faster Transactions

  • The publicly-listed broker adds a new payment partner.
  • CMC Markets now uses TrueLayer's closed-loop payments product in the UK and Europe.
Wednesday, 02/08/2023 | 08:09 GMT by Damian Chmiel
Retail FX

CMC Markets’ Q1 Trading Activity Drops between 15-20%

  • A market slowdown was behind the downturn in trading.
  • However, the company gained from increased interest rates.
Thursday, 27/07/2023 | 07:33 GMT by Arnab Shome
Institutional FX

CMC Markets Connect to Utilize Skale's CRM for Forex Brokers

  • 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.
Tuesday, 18/07/2023 | 07:40 GMT by Damian Chmiel
Executive Moves

CMC Markets' Group CFO Euan Marshall Resigns

  • He will leave the company in January to join IntegraFin as the CFO.
  • CMC will start searching for a new CFO shortly.
Friday, 07/07/2023 | 08:15 GMT by Arnab Shome
Retail FX

CMC Markets’ FY23 Net Income Follows Guidance, Profit Drops 43%

  • The net trading income from CFDs and spread betting came in flat.
  • The number of active traders decreased by 9 percent.
Tuesday, 13/06/2023 | 07:22 GMT by Arnab Shome
Retail FX

CMC Markets Enters Blockchain Space with Investment in StrikeX

  • StrikeX is a customer-centric blockchain solutions business.
  • The strategic investment will allow CMC to access blockchain products.
Friday, 09/06/2023 | 06:44 GMT by Arnab Shome
Retail FX

CMC's CFDs Clients in Singapore Can Access 'Invest' from May

  • The platform will start opening new accounts in Q3.
  • It is already available in the UK and Australia.
Tuesday, 04/04/2023 | 08:01 GMT by Arnab Shome
Institutional FX

CMC Markets Expands Dubai Operations, Eyes Growth in Middle East

  • CMC Markets plans to introduce cash equities product suite to its institutional clients.
  • The company first established its presence in Dubai in 2019.
Monday, 03/04/2023 | 16:03 GMT by Solomon Oladipupo
Retail FX

News Nuggets | 28 March: FMA Flags CFDs Broker; AI in Portfolio Management

  • Also, CMC Markets, Binance, and CobaltFX.
  • Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
Tuesday, 28/03/2023 | 06:53 GMT by Finance Magnates Staff
Retail FX

CMC Markets Pegs Expected FY23 Income at £290M

  • 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."
Monday, 27/03/2023 | 19:40 GMT by Solomon Oladipupo
Executive Moves

CMC Invest Singapore Brings In New Head Before Soft Launch

  • CMC will soft launch the new services on 31 March.
  • The new hire will be responsible for the entire launch journey.
Thursday, 02/03/2023 | 08:01 GMT by Arnab Shome
Executives

CMC Markets Connect Relocates Peter Foster from Sydney to Singapore

  • Foster will focus on the company's institutional growth in Singapore.
  • He remains in the Institutional Sales APAC position.
Monday, 06/02/2023 | 09:38 GMT by Damian Chmiel
Retail FX

CMC Invest Aims Q1 2023 Launch in Singapore

  • The platform received an in-principal Capital Markets license in Singapore recently.
  • It will offer zero commission and real-time pricing on the offered products.
Tuesday, 31/01/2023 | 07:14 GMT by Arnab Shome
Executive Moves

Scope Markets Elevates Pavel Spirin to Chief Executive Officer

  • Spirin brings more than 18 years of experience to the role.
  • In his most recent role, he focused on global marketing and retail business.
Friday, 27/01/2023 | 10:46 GMT by Tom Hazan
Retail FX

CMC Markets Positive with FY23 Income, Gains Singapore License for Invest

  • The company expects to grow its revenue by 30 percent over the next three years.
  • The in-principal license from Singapore will ensure CMC Invest’s expansion.
Wednesday, 25/01/2023 | 08:19 GMT by Arnab Shome
Brokers

CMC Invest Jumps into ESG Space amid Growing Investors' Demand

  • It was the first significant move of CMC Invest into the ESG space.
  • Several other brokers added ESG data to their offerings.
Monday, 26/12/2022 | 07:27 GMT by Arnab Shome
Executives

Clare Francis Joins CMC Markets' Board as a Non-Executive Director

  • She spent about 37 years working for multiple top financial institutions.
  • She also joined a few committees at CMC.
Friday, 23/12/2022 | 11:06 GMT by Arnab Shome
Retail FX

CMC Markets Expands 'Invest' Offering, Adds Flexible ISAs

  • CMC Invest offers trading services with US and UK-listed shares.
  • Customers have gained additional access to flexible savings accounts.
Monday, 05/12/2022 | 12:57 GMT by Damian Chmiel
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