Exclusive FNG… FNG has learned that FCA is regulated by the broker CFDS CPDS CPT Markets UK Limited has called Mike Greenhalgh as CEO (provided that regulatory approval), replacing the long -term CEO Nick Lewis.
Mike Greenhalgh joined the CPT in 2022, as was also mentioned exclusively here at FNG. He was a former derivative manager at Valbury Capital and also worked at Stonex and MF Global.
The move comes after what CPT said was a difficult year (2024) to the company. Proceeds from businesses were £ 351,378 in 2024, compared to £ 1,155.002 in 2023, a 70% drop compared to the previous year. CPT also published a loss of £ 874K for the year. The CPT reported that the two main factors contributing were excessive dependence on a small number of customers for most of the business revenue and a long delay in providing an LP requested by some new customers. These two factors are combined in a few months, resulting in very low revenue from the TAP line.
The CPT added that two of the company’s largest customers had effectively had a termination of transactions last year, but have regularly returned to transactions. However, the administration said it understood the importance of diluting the dependence on this revenue.
The company, in consultation with the UBO of the company (Ultimate Beneficial), reviewed the structure of the management team and implemented some changes to the staff, culminating in the promotion of Mike Greenhalgh to CEO as noted above. According to the most institutional background of the new CEO, the focus of the new CPT customers will be in small to medium -sized capital and privately owned traders and an increase in the minimum retail sales customers.
The CPT said it would also provide liquidity to other brokers (B2B) for further differentiation and improvement of revenue.
The company said its product suite would be re -examined and continuously improved, with which the company’s long -term goal is to allow customers to market shares, fixed income and future fulfillment contracts and options, except for the existing product range, on a basis for execution.
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The Cpt Markets-formerly known as CityPoint Trading -S is chose by Chinese businessman Zhijian Wang based in the UAE. The team is taking advantage of a FCA license with CPT Markets UK Limited (on the cptmarkets.co.uk website), a South African business license, a Belize that received the offshore entity Entity Markets Limited (on the cptmarkets.com website), and recently received permission to the UAE. CPT is mainly managed by London and Dubai.