Irish spread betting firm WorldSpreads is to launch an office in Scotland this week, despite its bigger rival CMC Markets shutting up shop north of the border in March, a little more than a year after it opened.
Irish spread betting firm WorldSpreads is to launch an office in Scotland this week, despite its bigger rival CMC Markets shutting up shop north of the border in March, a little more than a year after it opened.
CMC Markets has signed up 1,000 clients in Scotland since opening its Edinburgh office 12 months ago.
CMC Markets, the financial trading business majority owned by one of the City’s richest men, is cutting just over 10 per cent of its workforce.
CMC Markets, the London-based spreadbetting firm, will not be floated next year and will focus instead on building value after Thursday’s deal with Goldman Sachs Group Inc. (GS).<
British spread-betting firm CMC Markets said yesterday investment bank Goldman Sachs had agreed to take a 10 per cent stake in the firm.