Todor Kostov's avatar
$5.4m follower assets
$CMCX CMC Markets latest Trading Update - Continuing to expand and upgrade its platform products
As per the official Trading Update published today:

  • 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

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.”

The stock price return for $CMCX CMC Markets for the past 3 months is 9.68% (Source: Koyfin)

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Source: CMC Markets

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Source: Koyfin
Todor Kostov's avatar
Disclosure: This is not an investment advice and the author is not an investment advisor. All statements express personal opinions based on own financial and business analysis. The content is for informational purposes only. No statement of opinion is an offer or solicitation to buy or sell the financial instruments mentioned. Securities trading involve risk and you might lose your capital and/or incur other damages. Investors should make their own research and consult their registered investment advisor or financial advisor before taking any investment decision. Any unauthorized copy of this post or its contents is illegal.
Buying Your Time's avatar
CMC markets were one of the first providers of spread betting i used back in 2014/2015.
Todor Kostov's avatar
@buyingyourtime Correct. They continue to be a major player along with Plus500 $PLSQF and IG Group $IGGHY .



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