CMC Markets
| CMC Markets plc
|
|
|---|---|
 |
|
| legal form | Public Limited Company |
| ISIN | GB00B14SKR37 |
| founding | 1989 |
| Seat |
London , UK
|
| management | Peter Cruddas |
| Number of employees | 632 |
| sales | 187.1 million £ (2018) |
| Branch | Financial service providers |
| Website | www.cmcmarketsplc.com |
| As of December 31, 2018 | |
CMC Markets plc is a market maker for Contracts for Difference (CFDs) founded in 1989 and based in London (CMC stands for Currency Management Consulting). With customers in over 100 countries on four continents, the company is one of the world's leading providers of online derivatives trading .
In fiscal 2013, CMC Markets processed over 31.8 million transactions worldwide with a trading volume of just under 1.287 trillion US dollars and generated revenue of 129.1 million pounds sterling .
The German branch of CMC Markets is based in Frankfurt am Main . The offer includes several thousand CFDs on values from various markets, for example stocks , indices , commodities , bonds and currencies as well as futures .
Company history
Peter Cruddas founded the company in London in 1989, and CMC Markets has been regulated by the FSA since 1992. In 1996, the company launched the world's first forex trading platform on the Internet, and in 2000 began trading CFDs. In the following years, CMC Markets opened branches in Sydney, New York, Beijing, Hong Kong and Toronto. Since 2005, the company has also had branches in Frankfurt am Main, Stockholm, San Francisco, Tokyo and Vienna.
Locations
CMC Markets operates and maintains offices in the UK, Austria, France, Germany, Italy, Norway, Poland, Spain, Sweden, Canada, China, Singapore, Australia and New Zealand.
competition
With a 9% market share in 2009, CMC Markets was one of the largest market makers for CFDs. Since over-the-counter CFD providers are not required to report trading volumes or the amount of transactions, such figures are difficult to confirm.
Criticism and investigation
According to a report by Wirtschaftswoche, investigations against the founder of CMC Markets, Peter Cruddas, were initiated at the end of 2013. This emerges from a letter from the Frankfurt public prosecutor. The Frankfurt Regional Court found the plaintiff right. The broker had to pay 16,200 euros in damages.
Web links
Individual evidence
- ↑ a b CMC Markets plc: Annual Report 2018 (PDF) Retrieved April 9, 2019 .
- ↑ CMC Markets plc: Annual Report 2013. (PDF) Accessed June 9, 2014 .
- ↑ locations. , accessed on May 27, 2016.
- ↑ Alice Ross: Investors switch between spread betting providers . In: ft.com/personalfinance , November 10, 2009, accessed February 4, 2013.
- ↑ Wirtschaftswoche: "Investigations against Broker" , accessed on March 12, 2014