Daily Dose of Broker News: UK Focus

CMC Markets exceeds FY24 income expectations, buoyed by strong Q3 performance & cost-saving measures.

Capital Markets Elite Group UK branch faces a net loss of £892,630 despite a revenue surge, raising concerns in the brokerage sector.

Plus500 confirmed an increase in the size of its head office in Israel to expand the workforce across various departments to support business growth plans.

Following a 17% workforce reduction, CMC Markets announced it is parting ways with Chief Marketing Analyst Michael Hewson, ending his 15th year in the company.

IG Group announced the resignation of two executives, CFO Charlie Rozes and COO Jon Noble. Also, revenue from the Q3 financial report was flat compared with the previous year.

Robinhood's commission-free stock trading platform has arrived in the UK. While UK customers can enjoy various perks, the previously planned margin trading feature is on hold.

Two long-time IG employees, Jody Dunn and Sarah Gore Langton, stepped into new leadership positions as COO and CRO.

ThinkMarkets broker introduces tax-free Spread Betting via the ThinkTrader platform so that its UK clients can offer more trading opportunities in the future.

XTB UK saw a strong year in 2023. The number of active clients surged by 90%, likely due to a combination of increased market volatility and the introduction of new products.

Razvan Rotaru confirms his new contribution as Head of Institutional Sales at CPT Markets UK.