- published: 07 Nov 2013
- views: 21483
CMC Markets is a UK based financial derivatives dealer. The company offers online trading in spread betting, Contract for difference (CFDs) and Foreign Exchange (Forex) across world markets. While large part of its activity is in the UK, Europe and Australia, it has presence internationally.
The company was founded in 1989 by Peter Cruddas as a Foreign Exchange market maker under the name 'Currency Management Corporation'. The name was later abbreviated to CMC and then changed to CMC Markets in September 2005.
CMC Markets also operated the brand name deal4free.com from 2001 to 2005. The deal4free brand was designed to promote the zero commission charge service which it used primarily for its spread betting business in the UK. Commissions were later re-introduced and this brand was a dropped as part of the re-branding in September 2005.
In 1992, CMC Markets became authorised and regulated in the UK by the AFBD which later became the Financial Services Authority (FSA)
In 1996, the company launched a real-time FX trading platform and has made claims to have done the first FX deal on-line over the internet. It is hard to verify, but even if it was not true, CMC Markets was certainly one of the first companies to offer on-line trading over the internet. As well as being a pioneer in internet trading technology with its MarketMaker software platform.