Goldman Sachs invests in CMC Markets Plc
Commenting on today's announcement, Peter Cruddas, Executive Chairman ofCMC, said:
"I am delighted to welcome Goldman Sachs as an investor and partner inCMC who shares our vision and drive to grow the business over the comingyears. We have been growing at 40% per annum and have expanded our presence to22 offices globally but there are considerable opportunities still to realise.
Having Goldman Sachs as a global strategic partner providing operationalcooperation will be a major advantage for us going forward. There are excitingsynergies for the business that would be difficult to match from any otherinvestor, and by bringing together the liquidity and technological expertiseof both parties we will be able to deliver real benefits to our customers andcreate new and exciting opportunities for CMC globally."
Cruddas continues:
"Over the last 18 months, CMC Markets has been fully committed to growingits active customer base through the development of its award winning tradingplatform and overseas offices. This focus has resulted in CMC being one of thefastest growing online financial trading companies in the world, delivering a68%(1) increase in active clients, a 97%(1) increase in number of trades and a61%(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 thecoming years to capture the significant opportunities in the global retailderivatives market."
(1) Growth figures correspond to period 1 April 2006 to 28 September 2007 Notes to editors: About CMC Markets PlcCMC 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 USacross the full CFD product range (including Foreign Exchange and FinancialSpread Betting). Since April 2006, CMC Markets has opened offices inStockholm, Tokyo, Singapore and Vienna, adding to the company's existingpresence in the major global financial centres. Furthermore, CMC Markets isengaged in a series of partner relationships, offering its services throughlocal banks, brokers and intermediaries in a growing number of overseasmarkets. The company now operates a total of 22 offices worldwide, employs inexcess of 900 staff and represents clients in over 70 countries.
CMC Markets was founded in 1989 by Peter Cruddas. The company isauthorised and regulated by the Financial Services Authority in London and therespective financial regulatory bodies in each of the countries where itoperates.
CMC Markets UK Plc and CMC Spreadbet Plc are authorised and regulated bythe Financial Services Authority.
For further media announcements from CMC Markets, please visit thevirtual press office at:
About Goldman Sachs
Goldman Sachs is a global investment banking, securities and investmentmanagement firm. It provides a wide range of services to a substantial anddiversified client base that includes corporations, institutional investors,governments, non-profit organisations and high net worth individuals. Itsheadquarters is in New York and it maintains significant offices in London,Frankfurt, Tokyo, Hong Kong and other financial centres around the world.
For further information
Finsbury: Matthew Newton, Alex Simmons, 0207251 3801
Goldman Sachs: Paul Kafka, 020 7774 4667
In Canada: Jayne Banks,CMC Markets, (416) 682-5041, (866) 884-2608,
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