CMC Markets
May 11, 2009 | By Spreadbetting
Peter Cruddas was born to a Smithfield meat-market porter and a cleaner and left Shoreditch Comprehensive in the East End of London at sixteen to help support a family that included his cab-driving twin brother. After starting out as a Western Union telex operator and various front and back-office jobs in banks and brokerages, he launched CMC Group in 1989 with £10,000.
In 1996, CMC branched out from traditional broking into on-line trading of shares, currencies, gold, oil and, in 2000, launched its online spread betting service using Daily Rolling Cash®. In August 2005, the Group re-branded as CMC Markets and simultaneously replacing all existing brands (including “deal4free”) with one global brand. In May 2007 the company acquired Digital Look, one of the UK’s leading financial information, market and company research providers, and in November Goldman Sachs took a 10% stake in the business.
In the year ended 31 March 2008, CMC Markets achieved revenue growth of 64% to £181.4m, and profit before tax was up 42% to £66.4m.
Features
• 98% of all trades conducted online, through Marketmaker®
• exclusive information service only available to CMC Markets’ clients. CMC Plus+ includes daily commentary, press round ups, a full disclosure of directors’ deals and a comprehensive economic diary, and a discussion forum for clients.
• 24 hour access to real time global instruments
• professional real-time charting package that includes 42 indicators and overlays, wide range of charting styles and back testing module.
• Fixed Risk CFD account
• Education Department to provide clients with comprehensive training courses and educational CD-ROMs for both novice and experienced traders
• prices offered on all of the U.K. 100, U.K. 250 and over 100 small cap shares; plus 1000s of leading U.S, European, Asian and international shares
• margin requirements on FTSE 100 constituents, 3%-5%; FTSE 250 constituents, 5%-10%; and FTSE SMALLCAP (100 constituents only), 10%
On September 5, 2010 Michael Johnson wrote:
CMC Markets was recommended by a friend I met at a trading seminar.I hope we can do business. I am a beginner and will need
all the help you can offer.I am interested in currency trading.