CMC Markets Plc Trading Statement (3231H)
27 Luglio 2023 - 8:00AM
UK Regulatory
TIDMCMCX
RNS Number : 3231H
CMC Markets Plc
27 July 2023
27 July 2023
CMC MARKETS PLC
Q1 2024 Trading Update
Q1 performance as expected; Net operating income tracking at a
similar run rate to last year.
CMC Markets Plc ("CMC" or the "Group"), a leading global
provider of online ("D2C") trading and ("B2B") platform technology,
today issues a trading update for the period from 1 April 2023 to
30 June 2023 ("Q1 2024").
Q1 2024 Trading Update
Consistent with the Group's expectations announced on 13 June,
quiet market conditions in the first quarter have resulted in a
decline in client trading and investing activity of 15-20% year on
year. These conditions have continued into the start of Q2, however
weaker client activity has been offset by stronger interest income,
resulting in overall net operating income tracking at a similar run
rate to the same period last year. Underlying KPIs including client
money, assets under management, and active clients across both the
trading and investing businesses remain robust.
The Group continues to focus on delivering a strong business
performance for its financial year ending 31 March 2024, with
investment plans and operating expenses excluding variable
remuneration expected to be in line with prior guidance.
Progress towards new business growth across all platforms and
geographies continues as expected. Over the next six months the
Group is on track to launch cash equities for institutional
clients, and OTC options and listed futures across our various
platforms which will allow our clients better opportunities to
trade and hedge existing portfolio positions. Invest UK will be
launching SIPPs and mutual funds, whilst Invest Singapore will
initially offer equities, and ETFs.
The H1 2024 pre-close trading update is due to be released on 5
October 2023.
Enquiries
CMC Markets Plc
James Cartwright, Chief Operating Officer
Euan Marshall, Chief Financial Officer
investor.relations@cmcmarkets.com
Media enquiries
Camarco
Geoffrey Pelham-Lane / Jennifer Renwick Tel: 020 3757 4994
Notes to Editors
CMC Markets plc ("CMC"), whose shares are listed on the London
Stock Exchange under the ticker CMCX (LEI: 213800VB75KAZBFH5U07),
was established in 1989 and is now one of the world's leading
online financial trading businesses. The Company serves retail and
institutional clients through regulated offices and branches in
twelve countries, with a significant presence in the UK, Australia,
Germany, and Singapore. The Group offers an award-winning, online,
and mobile trading platform, enabling clients to trade over 10,000
financial instruments across shares, indices, foreign currencies,
commodities, and treasuries through contracts for difference
("CFDs") and financial spread bets (in the UK and Ireland only).
Clients can also place financial binary bets through Countdowns
and, in Australia and the UK, access stockbroking services. More
information is available at http://www.cmcmarkets.com/group/
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END
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July 27, 2023 02:00 ET (06:00 GMT)
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