CMC Markets has continued to expand its team within education and market analysis with the appointment of Michael McCarthy as Chief Market Strategist.

Mr McCarthy joins CMC Markets from City Index where he held the position of Head of Dealing Asia Pacific, overseeing global market risk while leading research and education strategies. Based in Sydney, Mr McCarthy will be responsible for global and local market analysis, the formulation of trading strategies and playing a key role in education.

Mr McCarthy comes to CMC Markets with over 27 years of experience in financial markets, specialising in equity trading, derivative trading and trader education. Previously a Director of Derivative Trading at ABN Amro Australia and Vice President of Equity Derivatives at Citi Group, Mr McCarthy has also held positions such as option market maker, money market dealer and foreign exchange arbitrager. He holds a Masters Degree in Applied Finance from Macquarie University.

Louis Cooper, co-Head of CMC Markets Australia and New Zealand, said: “Education continues to be a big focus for us. Michael brings a vast wealth of experience which will be invaluable to support the growth of CMC Markets and in particular its stockbroking and CFD education efforts.”

CMC Markets is already rated the number one CFD provider for education in Australia according to the latest Investment Trends report¹ and offers a range of educational tools across both its stockbroking and CFD businesses including tutorials, webcasts, user guides, webinars, seminars, education blog and online articles.

Mr McCarthy said: “This new role gives me scope to further develop some of the areas of trading I am most passionate about – employing a strategic approach to trading, looking at all asset classes and markets, conducting in-depth analysis and using a full arsenal of trading tools to highlight key market opportunities for CMC’s clients.”

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