CMC Markets Plc Trading Statement (7367N)
January 25 2023 - 2:00AM
UK Regulatory
TIDMCMCX
RNS Number : 7367N
CMC Markets Plc
25 January 2023
25 January 2023
CMC Markets Plc
Trading Update; Core Initiatives and Strategic Growth Plans
Remain on Track
CMC Markets Plc ("CMC" or the "Group"), a leading global
provider of online retail ("D2C") and institutional ("B2B")
platform technology, today issues a trading update for the period 1
October 2022 to 23 January 2023 (or the "period").
Trading Update
Net operating income is currently tracking in line with market
expectations for the year ending 31 March 2023.
While net operating income was weaker towards the end of the
calendar year, it has recovered strongly in January. Monthly active
clients, client money ("AuM") and assets under administration
("AuA") in our investing and trading businesses remain stable
versus H1 2023.
The Group remains on track in the delivery of its strategic
objectives. Development upgrades across both its investing and
trading platforms continue as laid out at its H1 23 results. CMC UK
Invest continues to expand its offering with the recent addition of
ETFs, ISAs as well as responsible ESG screening functions. Further
upgrades remain on track in the coming months.
CMC is also pleased to announce a regulatory grant in-principle
for the launch of CMC Singapore Invest marking another milestone in
CMC's geographical expansion.
Management expectations for operating expenditure for FY23 also
remain unchanged from prior guidance.
CMC will announce its pre-close FY23 update on Friday 14 April
2023.
Lord Cruddas, Chief Executive Officer, commented:
"2023 is set to be an exciting year for CMC as we continue our
growth strategy. Our core initiatives of product expansion, new
trading analytics, new pricing functions and enhanced onboarding
initiatives remain on track across both our investing and trading
platforms. Expansion of CMC Invest continues, with UK marketing
spend accelerating over coming months coinciding with delivery of a
steady stream of new products and functionality. I look forward to
updating the market further at our full year results later this
year."
Enquiries
CMC Markets Plc
James Cartwright, Investor Relations
investor.relations@cmcmarkets.com
Euan Marshall, Chief Financial Officer
Camarco +44 (0) 20 3757 4994
Geoffrey Pelham-Lane
Jennifer Renwick
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 Group serves retail and
institutional clients through regulated offices and branches in 12
countries, with a significant presence in the UK, Australia,
Germany, and Singapore. CMC offers an award-winning, online, and
mobile trading platform, enabling clients to trade up to 10,000
financial instruments across shares, indices, foreign currencies,
commodities, and treasuries through contracts for difference
("CFDs"), financial spread bets (in the UK and Ireland only) and,
in Australia, access stockbroking services. More information is
available at http://www.cmcmarkets.com/group/
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END
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