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Our history

CMC Markets was founded by Peter Cruddas in 1989, and since then the company has grown to become a global leader in online retail trading. There have been numerous significant milestones for the Group over the past 25 years as the company has expanded into new markets around the world and continues to champion innovation and new trading technology.

When “Currency Management Corporation”, later abbreviated to CMC, first began trading in London in 1989 as an FX broker, the office contained one desk, one telephone and one highly ambitious trader and entrepreneur. Over the following years the company grew rapidly, and in 1996 it launched the world’s first online retail FX trading platform, allowing its clients to take advantage of markets previously only accessible to institutional traders.

In 2000, CMC Markets expanded its business to become a CFD broker. In 2001, the company launched an online financial spread betting service, becoming the first spread betting company to launch the daily Rolling Cash® Bet. The innovative daily Rolling Cash® bet concept subsequently became an industry benchmark.

In 2002, CMC Markets opened its first overseas office in Sydney, launching into the Australian market as an online CFD and foreign exchange provider. By 2007 the company had expanded its global footprint with additional offices in New Zealand, Germany, Canada, Singapore and Sweden, and had sold a 10% equity stake to Goldman Sachs. Further global growth followed over the next few years, with offices opened in Norway, Spain, Italy and France, taking the number of offices around the world to 12.

CMC Markets launched its award-winning* Next Generation platform in 2010 and since then has rolled it out across all the regions in which the Group operates, frequently adding new tools, features and enhancements.

In 2014 the Group celebrated its 25th anniversary and received a record number of awards in the UK in recognition of the quality of the Next Generation trading platform and associated service.

In 2015, CMC Markets announced a 61% increase in underlying profit before tax to £51.9 million, for the financial year ended 31 March. The Group also extended into eastern Europe with the launch of a Warsaw office, bringing the total number of offices up to 14. In July, a new fixed-odds product, Countdowns, was launched in the UK, Australia and New Zealand, before it was later rolled out across Europe. In November, CMC Markets picked up three accolades at the 2015 Shares Awards, including Financial Services Provider of the Year for a fourth time in five years.

In 2016, CMC Markets lists on the London Stock Exchange trading as CMCX, with an initial market capitalisation of £693m. The Company launches digital 100s in April featuring four main types: Ladder, One Touch, Up/Down and Range. CMC Markets plc is included as a constituent of the FTSE 250 index from 20 June 2016.

Timeline

  • 1989

    Peter Cruddas starts CMC Markets in the UK as an FX broker.

  • 1996

    CMC Markets launches the world’s first online retail FX trading platform, allowing clients to take advantage of markets previously only accessible to institutional traders.

  • 2000

    CMC Markets expands to become a CFD broker, underlining a commitment to offering the most competitive and innovative trading products available to retail clients globally.

  • 2001

    CMC Markets launches an online spread betting offering, also becoming the first spread betting company to launch the daily Rolling Cash Bet. The innovative daily Rolling Cash® bet becomes a benchmark in the industry.

  • 2002

    CMC Markets opens an office in Sydney, Australia, becoming an online CFD and FX trading provider to the Australian market.

  • 2005

    In August 2005, the CMC Markets Group rebrands globally as CMC Markets, simultaneously replacing all existing brands (including ‘deal4free’) with one global brand.

    CMC Markets opens an office in Germany.

    CMC Markets launches one-click dealing and becomes one of the first spread betting firms to launch mobile trading. CMC Markets further expands its presence with the establishment of an office in Toronto, Canada.

  • 2006

    CMC Markets opens an office in Auckland, New Zealand.

    CMC Markets wins Best Active Trading Service from Digital Look, Best Spread Betting Service from Shares Magazine and Best Spread Betting Firm from Investors Chronicle for the third consecutive year.

    CMC Markets also wins Best Spread Betting and Best CFD provider from Trade2Win for the third year in a row, as well as Best FX provider.

  • 2007

    CMC Markets opens an office in Singapore.

    CMC Markets opens an office in Stockholm, Sweden.

    The 50 millionth client trade milestone is reached.

    Goldman Sachs purchases a 10% equity stake in CMC Markets.

  • 2008

    CMC Markets continues its expansion and opens an office in Oslo, Norway.

    CMC Markets opens an office in Madrid, Spain.

    CMC Markets (Australia) successfully completes negotiations to acquire leading non-advisory Australian stockbroker Andrew West & Co. to establish CMC Markets Stockbroking.

  • 2009

    CMC Markets celebrates its 20th Anniversary.

  • 2010

    CMC Markets continues its expansion and opens an office in Paris, France.

    CMC Markets opens an office in Milan, Italy.

    CMC Markets launches the Next Generation spread betting trading platform in the UK.

    CMC Markets launches new spread betting pricing, execution and technology.

    CMC Markets relaunches its brand.

    CMC Markets launches spread betting iPhone app in the UK.

  • 2011

    CMC Markets launches CFD iPhone and iPad apps.

    CMC Markets Stockbroking named Australia’s Cheapest Online Broker 2011 by Money magazine.

    CMC Markets Stockbroking’s online platform wins Australia’s Best Value, awarded by CANSTAR CANNEX.

    CMC Markets wins Best Spread Betting Service (Shares Magazine).

    CMC Markets wins Financial Provider of the Year (Shares Magazine).

    CMC Markets wins Best Spread Betting Broker (Trade2Win).

    CMC Markets wins Best CFD Broker (Trade2Win).

  • 2012

    CMC Markets launches upgrades to its Next Generation platform bringing a new level of control for traders, including 'boundaries', where traders can set limits on order execution range.

    CMC Markets launches new spread bet app for Android devices.

    CMC Markets wins best Online Spread Betting Service 2012 (Money AM).

    CMC Markets launches the most comprehensive 'Pattern Recognition Scanner' with full back-testing functionality.

    CMC Markets’ CFD mobile app is awarded the Best Mobile Trading App in the Investment Trends 2012 UK CFD, FX and Spread Betting Report.

  • 2013

    CMC Markets wins Best Online Trading Platform and Best Online Charts 2013 (Money AM).

    CMC Markets Stockbroking named Australia’s Cheapest Online Broker 2011 by Money magazine.

    CMC Markets Stockbroking’s online platform wins Australia’s Best Value, awarded by CANSTAR CANNEX.

    CMC Markets Stockbroking’s online platform wins Australia’s Outstanding Value (casual investor) awarded by CANSTAR CANNEX.

    CMC Markets launches one of its biggest platform upgrades in July.

    CMC Markets wins Best Forex Spread Betting Company at the UK Forex Awards 2013.

    CMC Markets wins Best CFD Provider, Best Online Trading Platform and Financial Services Provider of the Year at the 2013 Shares Awards.

    CMC Markets wins ‘Best Spread Betting App’ by the Financial Times and Investors Chronicle Investment Awards 2013.

  • 2014

    CMC Markets wins Best Investor Education, Best Online Trading Platform and Financial Services Provider of the Year at the 2014 Shares Awards.

    CMC Markets wins Best Forex Educators at the UK Forex Awards 2014.

    CMC Markets wins Best Trading App at the Investment and Wealth Management Awards 2014.

    CMC Markets receives 12 awards from the Investment Trends 2014 UK Leveraged Trading Report. These results are based on highest user satisfaction:

    • Highest Overall Client Satisfaction – According to CFD traders;
    • Best Mobile Trading – According to spread betters, CFD traders and FX traders;
    • Best Trading Platform features – According to spread betters, CFD and FX traders;
    • Best Value for Money – According to CFD traders;
    • Best Education Materials – According to CFD traders;
    • Best Research Tools – According to spread betters and CFD traders.

    CMC Markets Stockbroking named Australia’s Cheapest Online Broker 2014 by Money magazine.

    CMC Markets wins Outstanding Value at the CANSTAR Online Share Trading Awards in Australia 2014.

    CMC Markets wins Best Value at the CANSTAR Online Share Trading Awards in Australia 2014.

    CMC Markets celebrates its 25th anniversary.

  • 2015

    CMC Markets awarded Best Spread Betting Platform by ADVFN International Financial Awards.

    Over 3000 new CFD and spread betting shares added to the Next Generation platform.

    CMC Markets sponsors JazzFM's Business Breakfast, with CMC Markets' analysts in the UK, Singapore, Australia and Canada regularly contributing updates on the markets.

    CMC Markets Germany is named CFD Broker of the Year 2015 by Brokerwahl.

    CMC Markets’ CFD mobile app is awarded ‘Best Mobile Trading’ in the Investment Trends 2015 France CFD and FX Report based on highest user satisfaction.

    CMC Markets wins Best Mobile/Tablet Application 2015 at the Online Personal Wealth Awards.

    CMC Markets awarded Best Forex Customer Service 2015 at the UK Forex Awards.

    CMC Markets launches Countdowns, offering a fast-paced and exciting way to trade with limited risk on the short-term price movements of popular financial markets.

    CMC Markets joins Land Rover BAR (Ben Ainslie Racing) as an official partner to help bring the America's Cup home to the UK.

    CMC Markets expands into a new country with the launch of the Poland office.

    CMC Markets Australia wins the award for Service Excellence in the 2015 Australian Business Awards.

  • 2016

    CMC Markets lists on the London Stock Exchange trading as CMCX, with an initial market capitalisation of £693m.

    The Company launches digital 100s in April featuring four main types: Ladder, One Touch, Up/Down and Range.

    CMC Markets launches Knock-Outs in Germany.

*Awarded Best Platform Features and Best Mobile Phone/Tablet Platform; ranked highest for Platform Reliability and Charting, based on highest user satisfaction among spread betters, CFD and FX traders, Investment Trends 2017 UK Leverage Trading Report; Best Online Trading Platform, Shares Awards 2016; Best Forex Trading Platform, UK Forex Awards 2016.

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