- Revolut deal boosts fintech prospects
- Geographic expansion drives volumes
Hats off to management at CMC Markets (CMCX). The online trading platform reported a 15 per cent hike in net operating income to £333mn, a post-pandemic high, and a reflection of recent investments in strategic initiatives. CMC chief executive Lord Cruddas highlighted the “diversification strategy through B2B technology and an institutional first approach” as important factors in the strong showing. Vindication is provided by the recently announced commercial support tie-up with London-based fintech group Revolut. The material benefits linked to CMC’s expansion across new geographies are also becoming more apparent with the promise of rising trading volumes through the release of the Invest Singapore platform.