Trading platforms: CMC postpones float to 2008

Given CMC Markets’ success story, it was hardly surprising that the company’s planned initial public offering in the summer of 2006 attracted so much press attention, especially in the UK.

Peter Cruddas, CMC

“I can wait another year if it means getting double the valuation for the company”  Peter Cruddas, CMC

The press coverage also extended to the company’s founder and chief executive, Peter Cruddas, who established CMC in 1989 with £10,000 of his own money as a foreign exchange service provider dedicated to catering for the then neglected retail sector. Few in the market would disagree that CMC has fulfilled its original aims. In the process it has made Cruddas a wealthy man.

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