# Lord Peter Cruddas: When I first discovered the internet, I actually tried to buy it

- URL: https://talkfuse.com/story/lord-peter-cruddas-when-i-first-discovered-the-internet-i-actually-tried-to-buy-it/
- Published: 2026-11-05T05:01:00+00:00
- Updated: 2026-11-05T05:26:16+00:00
- Original publisher: City AM (publisher lean: Right)
- Original article: https://www.cityam.com/lord-peter-cruddas-when-i-first-discovered-the-internet-i-actually-tried-to-buy-it/
- Topics: Business, Markets

## Key points

- Cruddas says he recognised the internet’s potential in the early 1990s.
- CMC launched Europe’s first online retail FX trading platform.
- He says the company is still investing and expanding.

## Summary

Lord Peter Cruddas, founder and chief executive of CMC Markets, describes a career shaped by early work, the fast pace of financial markets and his belief in the internet’s potential. His account shows how that belief led to a trading platform that helped transform his company and broaden access to financial markets.

Cruddas began as a milkman while still at school, then worked as a telex operator before joining a bank dealing room. In the early 1990s, he tried to buy the internet, recognising its promise; later, CMC launched Europe’s first online retail foreign-exchange trading platform, despite being told it would fail. After more than 35 years, he says the company is still investing in technology and expanding its multi-asset, institutional and investing businesses.

---
Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.