CMC Markets names respected industry veteran Bruce Seago as Chief Executive Officer

TORONTO, July 3 /CNW/ -

CMC Markets Canada Inc. (CMC Markets) is pleased to announce the appointment of Bruce D. Seago as Chief Executive Officer, subject to regulatory approval.

Mr. Seago has a 20-year distinguished career in the online securities and financial services industry and will lead the overall strategic direction of

the company. This will include delivering innovative products and services to active traders in the Canadian marketplace. "Bruce has a solid track record in Canada's online trading industry for significant business growth and an ability to deliver products and services that meet the demanding needs of active traders," said Roger Hynes, Western Managing Director at CMC Markets. "CMC Markets provides active traders with tools not available from any other provider across the country, so we're excited about what this combination of unique product offering and strong strategic direction will mean for our company in Canada. We are thrilled Bruce has joined us."

Mr. Seago added, "CMC Markets has been highly successful around the world, and is well positioned to challenge other online brokers by delivering

its signature product, Contracts for Difference (CFDs), to Canadian investors. I am looking forward to introducing CMC Markets to a broader market of active

traders in Canada."

Prior to joining CMC Markets, Mr. Seago was President of TradeFreedom Securities Inc. in Montreal, a position he held for two years. Under his

leadership, the firm experienced dramatic growth that culminated in its purchase by The Bank of Nova Scotia in 2007. Mr. Seago also spent 10 years at

E(*)TRADE Canada, serving in a number of executive capacities, including President and Chief Operating Officer, where he oversaw the retail brokerage

operations in Canada for E(*)TRADE Financial.

Mr. Seago holds a M.B.A. from York University and a Bachelor of Commerce degree from the University of Toronto.

About CMC Markets

CMC Markets is a global leader and pioneer in online trading. Every 1.2 seconds, a trade is made across the company's Marketmaker™ platform.

Founded in 1989 and headquartered in London, England, CMC Markets has 23 offices worldwide, employs in excess of 1,000 staff and represents clients in over 85 countries. The company specializes in Contracts for Difference (CFDs), a revolutionary trading product and Foreign Exchange. In December 2007, Goldman Sachs acquired a 10% stake in CMC Group. Operating in Canada since 2005, CMC Markets has offices in Toronto and Vancouver and is the only provider of CFDs in the country. CMC Markets Canada Inc. is a member of the IIROC and the Canadian Investor Protection Fund.

Pressemeldung: Newswire Kanada