A pioneer's journey to the top
What was involved in the creative thinking that could predict the potential business opportunity of the internet? In this episode, Michael McCarthy interviews one of the pioneers of the industry - CEO of CMC Markets, Peter Cruddas. Hear from the pioneering entrepreneur who transformed the trading landcsape by spotting an opportunity in the internet. Find out how Peter Cruddas defied the odds to transform £10,000, one desk and one phone into a cutting edge, global organisation, and why spotting opportunity and remaining confident in his decision was gave him an edge.
Peter Cruddas
Peter Cruddas came from humble beginnings, leaving his local school in East London aged 15 to take a job as a telex operator for Western Union in the City of London. Peter went on to work his way up through the FX trading rooms at various banks, then as a Chief Dealer and Global Group Treasury Advisor, before spotting an untapped opportunity in the internet to re-invent the trading landscape.
In 1989 Peter established his own company, Currency Management Consultants, with just £10,000, one desk and a phone. Today the company is known globally as CMC Markets, and has grown to include 15 offices worldwide and over 60,000 clients. In December 2006 Peter set up his charity Peter Cruddas Foundation to help disadvantaged young people. In 2016 CMC Markets successfully floated on the London Stock Exchange and is now recognised internationally as a leader in online trading.
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Download 'Mastering the markets – principles of successful trading' written by our Chief Market Strategist (and The Artful Trader host) Michael McCarthy.
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