London based online FX, CFDs and spreadbetting broker CMC Markets Plc (LON:CMCX) issued an interesting statement following its Annual General Meeting last week, which also coincided with the release of CMC's quarterly Trading Update. While stating (as is certainly usual) that all the resolutions set out in the Notice of Annual General Meeting were duly passed as…
Read more
LeapRate Exclusive... LeapRate has learned via regulatory filings made in Norway and the UK that Norway's central bank, Norges Bank, has taken a 3% equity position in the shares of UK online Forex and CFDs broker CMC Markets Plc (LON:CMCX). The Norges Bank stake in CMC consists of 8.77 million shares, worth about £9.6 million (USD…
Read more
It looks like Fidelity Investments isn't waiting for the big bounceback in shares of UK online brokers, following the $2 billion+ market cap hit taken by publicly traded brokers in the wake of the FCA's recent tightening of rules around CFD brokerage and trading. It was indicated in a recent regulatory filing that the US investment…
Read more
Shares of rival online broker IG Group also hit by CMC comments on low client trade values during
Read moreCMC Markets Plc (LON:CMCX), a leading global provider of online retail trading, today issues its interim management statement for the period from 1 April to 30 June 2016. The Group continues to make good progress against its strategic plan since the start of the year, with continuing strong levels of active clients and client applications…
Read moreLeapRate Exclusive... LeapRate has learned, via filings made to the London Stock Exchange, that investment and mutual fund giant Fidelity Investments has built up a 5.22% position in FCA regulated online brokerage firm CMC Markets Plc (LON:CMCX). Headquartered in Boston MA, Fidelity Investments is one of the world's largest investment management and mutual fund companies. Fidelity has…
Read moreFCA regulated online broker CMC Markets Plc (LON:CMCX) has announced that it will be included as a constituent of the FTSE 250 Index effective later this month. The inclusion was announced by FTSE Russell yesterday and will take effect from the start of trading on Monday June 20, 2016. This follows CMC Markets' Initial Public Offering with…
Read moreMajor online trading services provider CMC Markets Plc (LON:CMCX), which was recently admitted to trading on the London Stock Exchange, has made a number of reports concerning its shareholders. As per regulatory filings submitted on February 10, 2016, CMC's founder and Chief Executive Officer Peter Cruddas reports a 55% direct shareholding in the company and that…
Read moreYesterday's announcement that CMC Markets is going public was certainly big news, but left a number of questions open for those in the industry, and in the London City world as well. At what valuation will CMC go public? What percentage of the company will be publicly floated? How big will the offering be? We are…
Read moreWhat is driving all these changes at leading UK online brokers? In one word: mobile.
Read more