FNG Exclusive… FNG has learned that longtime Capital Index CEO Matthew Wright has resigned as CEO of the company. He does however remain a minority shareholder, and an employee.

Matthew Wright was hired as CEO at Capital Index in 2018, joining the company following a one-year stint as CEO of Destek Markets UK Ltd. From 2008-2016 he was Chief Operating Officer EMEA at Gain Capital, also overseeing its Forex.com unit.

The move comes after a rough 2020 for Capital Index – 2020 Revenues came in at £2.44 million at Capital Index, down 11% from 2019’s £2.74 million. Net profit was marginal at £87,000, fairly similar to 2019’s £64,000. And that came in a year when many of its London based competitors saw record activity, driven throughout the 2020 calendar year and into 2021 by heightened market volatility as the COVID-19 pandemic unfolded worldwide.

Capital Index (UK) Limited is an FCA regulated brokerage specializing in CFDs, Financial Spread Betting and Spread Trading. The company is controlled by forex trading coach Greg Secker, who bought into the company in 2016.