Tag Archives: CMC Markets

Spread betting firms count the cost of UK FCA clampdown

SBC News Spread betting firms count the cost of UK FCA clampdown

Business news sources have reported that around £1 billion has been wiped off the value of UK-listed spread betting operators, following the Financial Conduct Authority’s (FCA) industry clampdown on ‘contract for difference’ (CFDs). Yesterday the regulatory body proposed a number of new measures aiming to protect inexperienced consumers and improve overall industry standards. The measures include the introduction of risk …

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CMC Markets announces intention to float on LSE

SBC News CMC Markets announces intention to float on LSE

CMC Markets, a spread betting broker and provider of online financial trading, has announced its intention to float on the London Stock Exchange. It is expected that the planned initial public offering, confirmed by the company today, will value the company at around £1 billion.  Founded in 1989 by former Tory party treasurer and “Brexit” campaigner Peter Cruddas, CMC Markets became a pioneer of online …

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