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CMCX Cmc Markets Plc

261.00
8.50 (3.37%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cmc Markets Plc LSE:CMCX London Ordinary Share GB00B14SKR37 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  8.50 3.37% 261.00 261.00 262.50 262.50 250.00 256.00 858,986 16:29:55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Security Brokers & Dealers 321.78M 41.44M 0.1481 17.56 727.52M

CMC Markets Plc Response to BaFin Consultation Paper (3860R)

09/12/2016 7:00am

UK Regulatory


Cmc Markets (LSE:CMCX)
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TIDMCMCX

RNS Number : 3860R

CMC Markets Plc

09 December 2016

9 December 2016

CMC MARKETS PLC

Response to BaFin Consultation Paper

CMC Markets plc ("CMC") notes yesterday's announcement by BaFin regarding the marketing, distribution and sale of CFD products to retail clients.

The BaFin consultation paper requires CFD providers to ensure that retail clients cannot lose more money than is deposited in their account, a functionality which is already available to CMC Markets clients in Germany. On the basis of the consultation paper, there are no other requirements from BaFin including no leverage limits, and where retail clients' risk is limited to their deposits, there is no prohibition on marketing, distribution and sale of CFDs.

We welcome this balanced approach from BaFin and will respond to the consultation in accordance with the proposed timeline of 20 January 2017.

CMC is the leading provider in Germany and has had the largest retail CFD market share, based on the latest independent Investment Trends research, since the start of the study in 2011.

Media enquiries

Camarco

Geoffrey Pelham-Lane/Ed Gascoigne-Pees/Jennifer Renwick Tel: 020 3757 4994

Notes to Editors

CMC Markets plc ("CMC"), whose shares are listed on the London Stock Exchange under the ticker CMCX, was established in 1989 and is now one of the world's leading online financial trading businesses. The company serves retail and institutional clients through regulated offices and branches in 14 countries, with a significant presence in the UK, Australia, Germany and Singapore. CMC Markets offers an award-winning, online and mobile trading platform, enabling clients to trade over 10,000 financial instruments across shares, indices, foreign currencies, commodities and treasuries through contracts for difference ("CFDs") and financial spread bets (in the UK and Ireland only). Clients can also place financial binary bets through Countdowns and, in Australia, access stockbroking services. More information is available at http://www.cmcmarkets.com/group/

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUWRWRNBAURAA

(END) Dow Jones Newswires

December 09, 2016 02:00 ET (07:00 GMT)

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