CMC Markets Launches Precision Pricing and Automated Execution on New Spread Betting Platform

By Cmc Markets, PRNE
Sunday, September 26, 2010

LONDON, September 27, 2010 - CMC Markets, a leading provider of spread betting (
www.cmcmarkets.co.uk/spread-betting?utm_source=Press%2Brelease&utm_med
ium=article&utm_campaign=Press%2Brelease%2BPRNW) in the UK has announced the
launch of institutional 'precision pricing' and automated execution to retail
traders on its next generation spread betting platform.

'Precision pricing' (
www.cmcmarkets.co.uk/about/benefits?utm_source=Press%2Brelease&utm_med
ium=article&utm_campaign=Press%2Brelease%2BPRNW) is one of the latest
initiatives by CMC Markets to offer their clients the most accurate, reliable
and competitive pricing. An additional decimal point has been added to many
instruments which means traders are able to see the full quote and have a
higher level of transparency. EUR/USD, USD/GBP are now quoted to 5 decimal
points, USD/JPY to 3 and shares as much as 1/1000th of a cent.

Executive Chairman and founder of CMC Markets, Peter Cruddas, commented:

"The additional decimal point means that there is no price rounding which
is a hidden cost to spread betters. If, for example the underlying market is
10.25-11.75 then a rounded price would be quoted as 10-12. This is called
price rounding and deprives clients of a better execution price. At CMC
Markets, we quote more decimals so they are trading on the most competitive
price which can save them money. Precision pricing is also extremely
important in the execution of stop losses. For example, if a stop loss is
placed at 10, and the spread betting company operates a rounding policy then
the stop loss could be executed at 10, whilst the underlying market is 10.25,
even though the market may not have traded there."

Precision pricing is part of the new pricing engine that is available on
the new CMC Markets (
www.cmcmarkets.co.uk/?utm_source=Press%2Brelease&utm_medium=article&ut
m_campaign=Press%2Brelease%2BPRNW) spread betting platform for web and
iPhone(R). The new pricing engine ensures that all trades are executed
automatically with no dealer intervention and no re-quotes.

Peter Cruddas commented further:

"We don't believe a 'kill or fill' policy is in the best interests of our
clients. We operate a 'fill or fill' approach to execution, regardless of
market volatility or trading conditions."

Alongside the new precision pricing and automated execution, CMC Markets
have also cut spreads to ensure clients have access to consistently
competitive pricing. The UK 100 index spread is 1.3, US 30 index is 2.5
points, Crude oil 4 points and EUR/USD 1.6 points.

"Too often firms claim to offer the tightest spreads (
www.cmcmarkets.co.uk/about/benefits?utm_source=Press%2Brelease&utm_med
ium=article&utm_campaign=Press%2Brelease%2BPRNW) or the lowest prices, but
trading companies aren't always able to live up to these expectations during
busy or volatile times. CMC Markets with its new precision pricing is leading
the way by fully automating price execution and publishing the results for
all to see and compare. With no re-quotes and 100% auto-execution there will
always be a competitive price for clients to trade on." Peter Cruddas.

Spread betting is a leveraged product and carries a high level of risk to
your capital. It is possible to lose more than your initial investment.
Spread betting may not be suitable for all investors, so ensure you
understand the risks involved and seek independent advice if necessary.

CMC Markets (
www.cmcmarkets.co.uk/?utm_source=Press%2Brelease&utm_medium=article&ut
m_campaign=Press%2Brelease%2BPRNW) is a leading global provider of financial
spread betting (
www.cmcmarkets.co.uk/spread-betting?utm_source=Press%2Brelease&utm_med
ium=article&utm_campaign=Press%2Brelease%2BPRNW), CFD trading (
www.cmcmarkets.co.uk/cfd?utm_source=Press%2Brelease&utm_medium=article
&utm_campaign=Press%2Brelease%2BPRNW) and foreign exchange (FX)
(www.cmcmarkets.co.uk/cfd?utm_source=Press%2Brelease&utm_medium=articl
e&utm_campaign=Press%2Brelease%2BPRNW). Since PeterCruddas founded CMC
Markets in 1989, the company now services more than 75,000 clients worldwide,
who placed a total of 26 million trades last year. CMC Markets have recently
launched their new online spread betting platform and iPhone app to the UK
market. For further information on spread betting with CMC Markets
(www.cmcmarkets.co.uk/?utm_source=Press%2Brelease&utm_medium=article&u
tm_campaign=Press%2Brelease%2BPRNW) please visit www.cmcmarkets.co.uk.

CMC Markets UK Plc and CMC SpreadbetPlc (collectively known as CMC
Markets (
www.cmcmarkets.co.uk/?utm_source=Press%2Brelease&utm_medium=article&ut
m_campaign=Press%2Brelease%2BPRNW)) are authorised and regulated in the UK by
the Financial Services Authority.

Apple, the Apple logo, and iPhone are trademarks of Apple Inc.,
registered in the U.S. and other countries. App Store is a service mark of
Apple Inc.

(Due to the length of this URL, it may be necessary to copy and paste
this hyperlink into your Internet browser's URL address field. Remove the
space if one exists.)

+44(0)207-170-8200, info@cmcmarkets.co.uk

+44(0)207-170-8200, info at cmcmarkets.co.uk, Gail Dunstan

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