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
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 …
Read More »CMC Markets sponsors Land Rover BAR America’s Cup Team
CMC Markets,provider of spread betting and CFD trading has announced that they will be joining Land Rover BAR as Official Partner to help bring the America’s Cup home. The America’s Cup is the oldest international trophy in world sport, pre-dating the modern Olympic Games, the Ryder Cup and the World Cup. The America’s Cup started in 1851 with a race …
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