The deal between RBS and CMC – which I called a white-label solution but which a reader pointed out to me is actually an introducing broker agreement – has been gossiped about for months. Clearly, RBS has decided on a soft launch. In fact, it’s been so soft that when I rang up RBS Spread Trader this week the young man on the end of the phone answered: “CMC Markets.”
“Do what?” I replied. “I thought that was RBS?” At this point he started to flap.
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