CMC Markets Plc (LON:CMCX), a leading provider of online trading and technology solutions, today announced transactions in its shares by senior executives.
On July 9, 2024, CMC Markets granted 113,772 shares of the company to CEO Peter Cruddas. This is a conditional share award under the combined incentive plan of CMC Markets plc.
On 11 July 2023, CMC Markets granted 138,052 shares to Mr Cruddas.
Peter Cruddas came from humble beginnings, leaving his local school in east London at the age of 15 to take a job as a teletype operator at Western Union in the City of London. He went on to rise through the FX trading rooms at various banks, as a global group lead dealer and consultant, before embarking on an untapped opportunity on the internet to reinvent the trading landscape.
In 1989, Peter Cruddas founded his own company, Currency Management Consultants. Today the company is known worldwide as CMC Markets and has grown to include multiple offices around the world and more than 80,000 active clients. In December 2006, Peter Cruddas established his charity the Peter Cruddas Foundation to help disadvantaged young people. In 2016, CMC Markets successfully floated on the London Stock Exchange and is now recognized internationally as a leader in electronic trading.
In February 2021, CMC Markets announced that Peter Cruddas was appointed as a Peer in the House of Lords.