CMC Markets reports Q1 FY2025 performance in line with expectations
Good progress is being made on CMC’s institutional and B2B strategy, highlighted by the recent partnership with Revolut.
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.
CMC Markets Plc (LON:CMCX) today issued a trading update for the year to 31 March 2024 (“FY 2024”).
CMC Markets’ layoffs of about 200 people worldwide should shave about £21 million annually off its expense base.
CMC Connect clients will now have access to a broad range of UAE stocks as a derivative product.
At the current share price, CMC Markets has a market capitalization of just over £300 million (USD $379 million).
The integration provides CMC Markets clients with access to Skale’s back office, CRM, multi-layered IB portal and traders’ area.
Leading the move to Dubai is Richard Elston, CMC’s Group Head of Institutional.