CPT Markets UK, previously Citypoint Trading, the FX and CFD trading firm has just announced that it has become a member of the London Stock Exchange.
Nick Lewis, the CEO of CPT Markets UK, commented on the news:
Even though CPT Markets UK has been operating out of the UK for more than 10 years, 2019 has been our most exciting year to date. Following our change of ownership, we have moved our offices to Canary Wharf, expanded our headcount, undertaken a rebranding of the firm to CPT Markets UK, upgraded our FCA regulatory license and to finish the year off, joined the London Stock Exchange as a non-trading member. This marks the next step in our expansion plans and can be viewed as a strong indicator of our growth trajectory as we look to add multiple new ranges to our current FX and CFD platform.
Costas Xitas, the COO of CPT Markets UK stated:
We at CPT Markets UK strongly believe that this is the start of an exciting journey, as part of which we intent to assess different product propositions that, if judged to be suitable, we can then deliver to our client base in Asia as well as other upcoming regions.
CPT Markets UK was acquired last year by Allen Markets Ltd, a UK based holding company. It has also joined the group of FX and CFD firms who have taken heed of the FCA warnings to “Matched Principle (€125k) Firms” on corporate governance, risk control measures and adequate liquidity levels required to offer retail clients negative balance protection, and have upgraded to full scope IFPRU €730k firm status.
CPT Markets UK joins the London Stock Exchange was first posted on December 6, 2019 at 4:28 pm.