CMC returns to US

It secured National Futures Association (NFA) approval late last week -- a necessary move for internet forex trading firms targeting retail customers in the US.

CMC withdrew from the US when the regulations came into force in December 2000, losing its US clients -- some 10% of its total client base at that time.

"Our plan in the US is to get our old customer base back," said Roger Hynes, chief operating officer of CMC in London.

The firm is targeting both retail and corporate accounts -- a spa