BUX’s Nathan Sage Joins CMC Markets as Equities Risk Trading Manager

CMC Markets, a London-headquartered brokerage group, has hired Nathan Sage as its Equities Risk Trading Manager.

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Sage, who has over seven years of trading experience in FX, spreadbetting and contract for difference (CFD) markets, was previously a Senior Trader at Amsterdam-headquartered European neobroker, BUX.

The executive announced his appointment at CMC Markets on Thursday in an update to his LinkedIn profile.

He departed BUX, where he first worked as a Trader and later Senior Trader, after a four-year career stay that started in July 2018.

Sages foray into the forex and CFD industry started in January 2015 when he joined PhilipCapital UK, a forex and CFD provider, as a Derivatives Dealer for Forex and CFD.

Recent Reshuffles at CMC Markets

CMC Markets hiring of Nathan Sage is one of several executive decisions the broker has made this year.

In September, the broker tapped Michael Bogoevski, overseer of its Singaporean office, to become its Head of Distribution for Asia Pacific and Canada.

Bogoevski joined the brokerage firm in September 2013 as the Head of Sales Trading for APAC and Canada.

In July, CMC Markets also appointed Kim Ljung Anderson, a former Director of Saxo Advanced Solutions at Saxo Bank, as its Head of Institutional Products Solutions.

Earlier in June, Sam Horowitz, who advised CMC Markets on their wholesale expansion plan, joined the brokerage as the Head of FX Distribution and Liquidity Management.

Market Performance

Meanwhile, Finance Magnates reports that CMC Markets is expecting a positive growth in its half-year (H1) performance for its fiscal year 2023 (FY23).

Earlier this month, the brokerage group disclosed in its H1 2023 pre-close trading update that it was expecting approximately £153 million in net operating income for the first six months of its FY23 which ended in September 2022.

The figure represents a 21% year-over-year growth for the group.

CMC Markets serves retail and institutional clients across 12 countries, including in the UK, Australia, Germany and Singapore.