FNG Exclusive… FNG has learned that FCA regulated CFDs broker CPT Markets UK Limited has named Mike Greenhalgh as CEO (subject to regulatory approval), replacing longtime CEO Nick Lewis.
Mike Greenhalgh joined CPT in 2022, as was also reported at the time exclusively here at FNG. He was formerly Derivatives Manager at Valbury Capital, and also previously worked at StoneX and at MF Global.
The move comes after what CPT said was a difficult year (2024) at the company. Revenue generated from operations was £351,378 in 2024, versus £1,155,002 in 2023, a drop of 70% on the previous year. CPT also posted a loss of £874K for the year. CPT said that the two main contributing factors were an over-reliance on a small number of clients for the bulk of the Firm’s revenue, and a long delay in the provision of an LP requested by some new clients. These two factors combined in certain months, resulting in very low tap line revenue.
CPT did add that two of the Firm’s larger clients effectively had a trading hiatus last year, but have since returned to trading regularly. However, management said it understood the importance of diluting the reliance on this revenue.
The Firm, in consultation with the company’s UBO (Ultimate Beneficial Owner), reviewed the structure of the management team, and implemented some changes in personnel, culminating in the promotion of Mike Greenhalgh to CEO as noted above. In line with the new CEO’s more institutional background, the focus for new clients at CPT will be on small to mid-size funds and proprietary traders, and an increase in the minimum investment size far retail clients.
CPT said it will also provide liquidity to other brokers (B2B), to further diversify and improve revenue.
The Firm said that its product suite will be constantly reviewed and improved, whereby the Firm’s longer-term objective is to enable clients to trade in equities, fixed income and futures and option products, in addition to the existing range of products, on an execution-only basis.
About CPT Markets
CPT Markets – formerly known as Citypoint Trading – is controlled by UAE-based Chinese entrepreneur Zhijian Wang. The group operates an FCA licensed operation CPT Markets UK Limited (at website cptmarkets.co.uk), a licensed South Africa operation, a Belize domiciled offshore entity CPT Markets Limited (at website cptmarkets.com), and recently received a license in the UAE. CPT is managed mainly from London and from Dubai.
