CMC Markets appoints Goldman Sachs International and RBC Capital Markets as corporate brokers

British CFD, FX and spreadbetting company CMC Markets has appointed Goldman Sachs and RBC Capital Markets as its joint corporate brokers. The two interbank liquidity providers were involved in the issue of the firm’s initial public offering (IPO) in which CMC Markets became a publicly listed entity on London Stock Exchange’s main market, floating 31% […]

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British CFD, FX and spreadbetting company CMC Markets has appointed Goldman Sachs and RBC Capital Markets as its joint corporate brokers.

The two interbank liquidity providers were involved in the issue of the firm’s initial public offering (IPO) in which CMC Markets became a publicly listed entity on London Stock Exchange’s main market, floating 31% of the total stock held by the company, worth a total of £218 million.

Goldman Sachs has been a long-serving adviser of CMC Markets, having advised the firm through the listing process in February this year, as well as having assisted the firm in its potential listing in 2006 at which time CMC Markets postponed its IPO plans at that time.

In 2007, Goldman Sachs, took a 10% stake in CMC Markets for $140 million.

Liquidity provision and high quality aggregation has been a priority for CMC Markets for some time, the company having integrated French cross-asset liquidity management software and solutions provider smartTrade Solutions’ LiquidityFX system for trading FX and precious metals in April 2014.

At that time, CMC Markets saw the advantage of having to pay no brokerage fees to smartTrade Solutions, and having a cloud based service which takes advantage of being globally co-located with liquidity providers.

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