CMC Markets Lets UK Clients Buy Options on Anthropic Before It Lists
By Damian Chmiel
AI summary of the source article
CMC Markets has begun offering UK clients cash-settled European-style options on Anthropic ahead of its planned Nasdaq listing. The firm described itself as the first UK-regulated broker to offer options on pre-IPO grey markets.
Why it matters
Laurence Booth, global head of markets at CMC Markets, presented the options as a way into companies retail clients usually cannot reach before a listing, stating: "It significantly broadens the range of opportunities available."
Key facts
- CMC Markets launched pre-IPO European-style call and put options tied to Anthropic's expected share price for UK clients.
- Anthropic filed for a Nasdaq listing on October 26, prompting multiple brokers to offer pre-IPO retail exposure.
- The options limit maximum potential client losses to the premium paid and settle against official closing prices or grey market valuations.
Source excerpt · Finance Magnates
CMC Markets has started selling UK clients options tied to Anthropic's expected share price before the artificial intelligence company lists, it said today (Saturday). CMC described itself as the first UK-regulated broker to offer options on pre-IPO grey markets. Clients can buy calls and puts, and the premium paid is the most they can lose, according to CMC. The pre-IPO contracts other brokers op…