Peter Cruddas, Group Chief Executive Officer of CMC, commented: Euan has been a highly valued member of the CMC team, holding various positions since becoming a part of the group in 2011. Over the past 4 years, he has served as the CFO, playing a crucial role in the Company's transformative journey. On behalf of…
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The basic earnings per share for FY 2023 stood at 14.7 pence, down by 40%. The number of active clients saw a 9% decline on yearly basis at 58,737. However, the trading revenue per client increased to £3,968 by 11%. In addition, the number of active investing clients also fell 11% to 218,310. Lord Cruddas,…
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The companies will link up to combine StrikeX's expertise in tokenisation and self-custody technologies and CMC's extensive experience in financial services. In addition, CMC Markets will gain access to the latest blockchain-related products and services, allowing it to leverage the technology for its customers over the longer term. CMC added that the "arm's length investment"…
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Richard Elston, Group Head of Institutional at CMC Markets Connect, commented: Peter has been a significant asset to the team since he joined us four years ago. This move from Sydney to Singapore will enable us to better serve the fast growing market in South East Asia, where we know clients and prospects alike put…
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According to the official announcement, the launch is expected for the end of the first quarter of 2023. CMC Invest will offer zero commission and real-time pricing in selected markets, including Singapore, the US, and Australia. The company has already recived similar licences in the UK and Australia. Christopher Forbes, head of CMSI, said: The…
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According to the official announcement, the additional features are available for a flat custody fee of £10 per month without additional commissions. The company further detailed that CMC Invest clients can take money out of their accounts and put it again during the same tax year without affecting their ISA allowances. The new offering is…
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Interim dividend for H1 2023 stood at 3.50 pence per share, remaining unchanged from the previous year. The company said that a total dividend for the year expected to be in line with policy at 50% of profit after tax. Outlook The broker expressed optimistic expectations, with net operating income expected to grow by 30%…
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The first half of 2023’s leveraged net trading revenue is expected to reach £128 million, 27% up from the previous year’s £101 million. The expectation of net non-leveraged net trading revenue, however, is expected to fall 14% to £21 million from the £24 million in H1 2022. The company highlighted its new UK investment platform…
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CMC Invest offers investments with US and UK listed shares, exchange-traded funds (ETFs) and investment trusts. CMC also has plans to expand its services with stocks and shares ISAs and USD currency wallets. Additionally, the platform offers commission-free services, however there is a 0.5% foreign exchange fee. Soleiman added: Investing is never one size for…
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Bogoevski initially served as Head of Sales Trading for the APAC and Canada region at CMC Markets and after 4 years he was promoted to Head of Singapore. He spent 4 years in this role before being promoted again. He has previously worked with CMC Markets as part of the broker’s Institutional Business Development team,…
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