REG - CMC Markets Plc - Trading Statement

CMC MarketsAnnouncement

25/01/2023 07:00

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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
(https://www.cmcinvest.com/en-gb/) 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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