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CMC Markets Celebrates 10 Years of Market Leading Innovation

Published: Tue 8 Nov 2016 10:48 AM
CMC Markets New Zealand Celebrates 10 Years of Market Leading Innovation
Auckland, New Zealand: Tuesday 8th November 2016: Leading global online trading platform, CMC Markets celebrates ten years of operation in New Zealand this year, marking a significant milestone for the company.
Chris Smith, General Manager of CMC Markets NZ, who helped establish the New Zealand business in 2006 after returning home from the Australian office in Sydney, remarks on this important occasion.
“When we first opened our doors the financial markets were still strong pre GFC, the NZDUSD had briefly dipped below 60c and the NZX50 was below 4000. Ten years on we have the NZX50 index near its all-time highs at 7000, US share markets nearing an eight year bull market post GFC declines of 07-09. Throughout this time our business has grown from strength to strength, with the end result being a market-leading, award-winning product that delivers a first-class experience to our customers throughout the country.
“Because nearly half of all of our trading is now done on mobile devices, we’ve invested heavily in a state-of-the art trading platform to keep up with continuously evolving technological changes.
“I am extremely proud of what we have achieved so far and our amazing team continue to be the driving force of the business. I’m also thankful to our clients who have made the last ten years possible,” says Chris.
English entrepreneur Peter Cruddas formed CMC Markets in in 1989. The company recently listed on the London Stock Exchange in February 2016 and trades on the FTSE250. Peter was in New Zealand to commemorate this and the 10th birthday of the New Zealand operation.
“Since founding the business over 27 years ago as a foreign exchange broker, it’s amazing to see how CMC Markets has evolved into a successful global operation with offices in 14 countries including a presence in Asia, continental Europe, North America and Australasia.
“Chris and the rest of the team have done an incredible job in New Zealand to help achieve our goal of providing the most superior and unrivalled trading experience for our clients. It’s been a great decade and we’re very excited about what’s to come,” he adds.
This 10-Year milestone also marks CMC Market’s long-standing partnership with the iconic New Zealand children’s charity, Variety. Over the past decade, CMC Markets has been a principal partner of the Variety Gold Heart Scholarship programme, donating over $300,000 to provide a bridge for deserving, underprivileged and talented kids to turn their dreams into reality.
“It has been a pleasure to support Variety over the last decade. They perform incredible work for New Zealand children and it’s humbling to know that our contribution is making a real difference in the community, helping these gifted candidates achieve their goals,” concludes Chris.
To coincide with the 10 Year celebrations, CMC Markets held its annual MasterClass in October with Swiss Investor, Dr Marc Faber. The landmark educational event was attended by 260 eager clients and traders and continues to be one of CMC Markets key educational initiatives.
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