![]() 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. The Group also extended into Eastern Europe with the launch of a Warsaw office, bringing the total number of offices up to 14. In 2015, CMC Markets announced a 61% increase in underlying profit before tax to £51.9 million, for the financial year ended 31 March. In 2014 the Group celebrated its 25th anniversary and over the last two years has received more than 50 awards worldwide – a recognition of the quality of the Next Generation trading platform and associated service. Further global growth followed over the next few years, with offices opened in Norway, Spain, Italy, France, China, Austria and Poland, taking the number of operations around the world to 14.ĬMC 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. 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. In 2002, CMC Markets opened its first overseas office in Sydney, launching into the Australian market as an online CFD and foreign exchange provider. The innovative daily Rolling Cash® bet concept subsequently became an industry benchmark. In 2001, the company launched an online financial spread betting service, becoming the first spread betting company to launch the daily Rolling Cash® Bet. In 2000, CMC Markets expanded its business to become a CFD broker. 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. 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. There have been numerous significant milestones for the Group over the past 25 years, including the company's expansion into new markets around the world and continued championing of innovation and new trading technology. Since then, the company has grown to become a global leader in online retail trading. CMC Markets was founded by Peter Cruddas in 1989.
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