Full Year Results 

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.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now