CMC Markets Connect Expands Dubai Office to Bolster Local Business

CMC Markets Connect, part of CMC Markets, a leading global provider of financial spread betting and CFDs, has further expanded its office in Dubai in order to strengthen its presence in the region.

CMC Markets Connect provides institutional trading and technology solutions. The company has launched its physical presence in the United Arab Emirates since 2019.

"Our move into a new, bigger office in Dubai underlines both the growth we envisage in – and our commitment to – the region. The UAE is fast establishing itself as the next global financial hub, with its location being ideal for multinational companies such as ourselves to support operations both in European and Asian markets," stated Richard Elston, Group Head of Institutional at CMC Markets Connect. "Our expectations are that this will be just the first step in our regional expansion plans."

"Momentum in financial markets across the UAE and more specifically in Dubai has been building for years. I am confident that the new office will allow us to continue building on our already strong reputation across the Middle East," Richard Elston added.

Late March, Fazzaco reported that CMC Markets expected net operating income for the fiscal year 2023 ending March 31, 2023​ between £280-290 million, and operating costs (excluding variable remuneration) of £215-220 million.