CMC Markets expands Europe offering via Upvest partnership
CMC’s product range will include a multi-currency offering in stocks, ETFs, and mutual funds denominated in GBP, EUR, and USD.
CMC’s product range will include a multi-currency offering in stocks, ETFs, and mutual funds denominated in GBP, EUR, and USD.
CMC Markets reported £59 million of revenues from its Australia unit in H1 FY2026, representing 32% of overall company revenue.
Victoria Paling had been with CMC since 2021, overseeing marketing for the company’s CMC Connect institutional brokerage business.
Prior to his time at CMC, Toby Morris worked as a Sales Trader at rival IG Group for four years.
CMC Markets now expects net operating income to be approximately 10% ahead of current market expectations for FY2026.
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?