2007'12.06.Thu
Goldman Sachs Invests in CMC Markets Plc
November 23, 2007
BEIJING, Nov. 23 /Xinhua-PRNewswire/ -- CMC Markets Plc ("CMC"), the market leading global retail CFD company, today announces that Goldman Sachs has agreed to purchase a 10% stake in the company, subject to regulatory approvals and other pre-completion conditions. Commenting on today's announcement, Peter Cruddas, Executive Chairman of CMC, said: "I am delighted to welcome Goldman Sachs as an investor and partner in CMC who shares our vision and drive to grow the business over the coming years. We have been growing at 40% per annum and have expanded our presence to 22 offices globally but there are considerable opportunities still to realise. Having Goldman Sachs as a global strategic partner providing operational cooperation will be a major advantage for us going forward. There are exciting synergies for the business that would be difficult to match from any other investor, and by bringing together the liquidity and technological expertise of both parties we will be able to deliver real benefits to our customers and create new and exciting opportunities for CMC globally." Cruddas continues: "Over the last 18 months, CMC Markets has been fully committed to growing its active customer base through the development of its award winning trading platform and overseas offices. This focus has resulted in CMC being one of the fastest growing online financial trading companies in the world, delivering a 68%(1) increase in active clients, a 97%(1) increase in number of trades and a 61%(1) increase in trade volume." Jan Boomaars, a Managing Director at Goldman Sachs, commented: "We are looking forward to working with Peter and CMC Markets in the coming years to capture the significant opportunities in the global retail derivatives market." Notes to editors: About CMC Markets Plc CMC Markets handled over 16.2 million trades during the period Nov 06 - Oct 07 with the trades executed having a total value of over $1.1 trillion US across the full CFD product range (including Foreign Exchange and Financial Spread Betting). Since April 2006, CMC Markets has opened offices in Stockholm, Tokyo, Singapore and Vienna, adding to the company's existing presence in the major global financial centres. Furthermore, CMC Markets is engaged in a series of partner relationships, offering its services through local banks, brokers and intermediaries in a growing number of overseas markets. The company now operates a total of 22 offices worldwide, employs in excess of 900 staff and represents clients in over 70 countries. CMC Markets was founded in 1989 by Peter Cruddas. The company is authorised and regulated by the Financial Services Authority in London and the respective financial regulatory bodies in each of the countries where it operates. CMC Markets UK Plc and CMC Spreadbet Plc are authorised and regulated by the Financial Services Authority. For further media announcements from CMC Markets, please visit the virtual press office at: http://www.cmcmarketsplc.com/en/main/press_office.jsp . About Goldman Sachs Goldman Sachs is a global investment banking, securities and investment management firm. It provides a wide range of services to a substantial and diversified client base that includes corporations, institutional investors, governments, non-profit organisations and high net worth individuals. Its headquarters is in New York and it maintains significant offices in London, Frankfurt, Tokyo, Hong Kong and other financial centres around the world. For more information, please contact: Finsbury Matthew Newton or Alex Simmons Tel: +44-207-251-3801 Goldman Sachs Paul Kafka Tel: +44-207-774-4667
PR
Post your Comment
広告
ブログ内検索
アーカイブ
カウンター