
CMC posts profit warning; Foley resigns
New Esma margin rules have “resulted in retail clients trading less”, online trading firm says

Online trading firm CMC Markets has warned its revenue has taken a hit from recent regulation, while chief operating and financial officer (COO/CFO) Grant Foley says he is stepping down from his roles.
CMC, which provides a platform for spread-betting or trading contracts-for-difference (CFDs), said in an update that client trading has decreased in the wake of European Securities and Markets Authority measures introduced on August 1, which restrict the marketing, distribution and sale of CFDs
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Retail
Follow Topics
Receive the content you need straight to your inbox
Choose to follow a range of topics and receive a regular roundup of the latest coverage.