CMC posts profit warning; Foley resigns

Karen Friar
03 Apr 2019

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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

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