According to CMC Markets, after a decline in net operating income at the end of calendar 2022, there was a significant rebound in January.
Monthly active clients, assets under management, and assets under administration have been stable in the contracts-for-difference trading provider’s investment and trading business compared to the first half of fiscal 2023.
CMC Markets said that upgrades to its investing and trading platforms are continuing in accordance with the aims indicated in its first-half results, while CMC UK Invest has launched ETFs, ISAs, and ESG screening tools, with more additions expected in the coming months.
CMC Singapore Invest has received regulatory permission in principle for its debut, marking “another milestone in CMC’s worldwide expansion,” according to the company.
“2023 is shaping up to be an exciting year for CMC as we continue our growth strategy,” said CEO Peter Cruddas. Our major targets of product expansion, new trade analytics, new pricing features, and improved onboarding remain on track across both our investing and trading platforms.
“CMC Invest’s growth continues, with UK marketing spending expected to rise in the coming months to correspond with the delivery of a steady stream of new goods and services.”
CMC Markets shares were down 2.1% in London on Wednesday morning, trading at 238.50 pence per share.
About CMC Markets
CMC Markets is a United Kingdom-based financial derivatives trader. The company offers online trading in a wide range of financial instruments, such as currencies, equities, indexes, commodities, and government bonds. CMC Markets was founded in 1989 and has since evolved to become one of the world’s leading retail foreign exchange (FX) and contract for difference (CFD) brokers. The company is supervised by the Financial Conduct Authority (FCA) in the United Kingdom and is listed on the London Stock Exchange (LSE). CMC Markets is well-known for its distinctive trading interface as well as its vast trading educational tools.