CMC Markets sees 8% Revenue decline and 24% drop in Profit in 2H FY2025
David Fineberg, Deputy CEO of CMC since 2019, will transition into the newly created role of Global Head of Strategic Partnerships.
David Fineberg, Deputy CEO of CMC since 2019, will transition into the newly created role of Global Head of Strategic Partnerships.
CMC Markets has also increased its holding of STRX cryptocurrency tokens from 10 million to 15 million.
Alex Praill first joined CMC Markets in 2023, as Senior Payments Network Manager.
CMC Markets added that management remains confident in meeting its cost guidance of approximately £225 million.
So why is the market disappointed with CMC Markets?
CMC Markets intends to lodge an application for accreditation as an NZX Trading and Clearing Participant.
Good progress is being made on CMC’s institutional and B2B strategy, highlighted by the recent partnership with Revolut.
CMC Markets’ latest guidance, given in late March, was for a Revenue range between £290 and £310 million.
The partnership will see the two companies connecting via multiple APIs, with the user interface delivered directly via the Revolut app.
David John Fineberg, deputy CEO of CMC Markets, and Albert Soleiman, CFO of the broker, acquired shares in CMC Markets.