Previously, Foxen served as a CTO at digital transformation consultancy Contino for two years after he worked as VP of Engineering for eight months. While Foxen was at Contino, the company saw an expansion from 16 employees to 400.
Brendan Foxen, Chief Technology Officer stated:
I am excited to be joining CMC Markets at this exciting time of diversification and growth for the business. This is an exciting opportunity to further develop CMC’s technology as we advance the Company’s B2B offering and client journey optimisation.
In the beginning of July, CMC Markets reported operating income with £102.3m in excess for Q1 2021. The company started the quarter from a strong position and continuing to perform well. The client trading activity almost doubled compared to the same period the previous year.
Client income retention for Q1 2021 was higher than the 82% reported in H1 2020 and stockbroking net trading revenue also continues to benefit from the market conditions, affected by the coronavirus crisis.
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