If you want to discuss the retail trading industry, there probably isn’t a better person to speak to than Peter Cruddas. After founding Currency Management Corporation in 1989, the CEO of what is now CMC Markets oversaw the creation of one of the first online trading platforms and may have conducted the first FX transaction ever made on the internet back in 1996.

Four years later, as the world was celebrating the new millennium, Cruddas’ firm started offering contracts-for-differences (CFDs) to retail clients – a product now ubiquitous amongst brokers. Fast-forward another eighteen years and CMC Markets offers over ... (read more)