Peter Cruddas

Founder & Chief Executive Officer, Cmc Markets

Search every verified Peter Cruddas interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Peter Cruddas, founder and CEO of CMC Markets, participated in a 2023 launch event for CMC Invest in Singapore, where he discussed the company's strategy and market positioning. He stated that CMC's competitive advantage comes from owning its pricing, execution, and aggregation, which allows it to undercut competitors. Cruddas said the company aims to retain clients long-term rather than focusing on churn, adding that "nearly 50% of our clients have been with us over three years." He also criticized European regulation, saying "we are regulating ourselves into Oblivion" and described a mandatory modern slavery exam as "a waste of my time." In a 2012 interview, Cruddas said he likes paying taxes because the UK's infrastructure and stable government enable his business to succeed, noting that he paid £50 million in tax when his company went public. He also discussed proposing to then-Chancellor Rishi Sunak that a central bank digital currency could enable real-time VAT collection to reduce tax fraud. Cruddas left school at 15, described his father as an alcoholic, and said his marriage and children are his biggest successes.