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(TM) 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.
For further information:
For further information: Beth Merrick, RJF/ZAZOU Communications, (416)
654-9881, email@example.com; Jayne Banks, CMC Markets Canada, (416) 682-5041,