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CMC Markets looks for tuna

CMC Markets looks for tuna

“The thing about tuna clients is not finding them, it’s keeping them,” says CMC Markets (CMCX) founder and chief executive Peter Cruddas, referring to the higher-value customers he wants to cultivate now that regulation has reined in the risky bets smaller fry can make on his trading platform. Mr Cruddas needs a fix, and quick; in the six months to March, revenues from the spread-betting and CFD (contract-for-difference) business cratered by almost half, year on year.

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