logo |

News

    Home   >     Industry    >     CMCMarkets    >     Main body

    CMC Markets Sees Near Record Client Money in Q3

    Abstract:Further, monthly active clients across CMC businesses remained similar to the levels of the first half of the fiscal year.
    cmc

      The number of clients in the quarter remained closer to H1 levels.

      The group is expecting to generate up to £280 million in revenue in FY22.

      CMC Markets (LSE: CMCX) released a trading update of its performance between October and December, which is the third quarter of the ongoing fiscal. It highlighted that client money and asset under administration on both of its leveraged and non-leveraged businesses remain close to record highs.

      In the first six months of FY2022, from April 2021 to March 2022, the operating income of CMC dropped by 45 percent, while the pre-tax profits declined 74 percent. Though the number of leveraged clients in the period slipped by 9 percent, the non-leveraged active clients strengthened by 10 percent.

      Business Moves

      Additionally, CMC is considering completely separating its leveraged and non-leveraged businesses for ‘maximizing shareholder value’. Talks for the move have already started, but they are still in the early stages.

      Moreover, the latest trading update revealed that the trading company delivered sustained performance across both leveraged and non-leveraged operations in Q3. In addition, it has continued to invest in the development of its UK non-leveraged platform.

      “I am pleased with the ongoing trends we're seeing in client money and physical share assets in Australia. In addition, the team is on track to launch our new UK investment platform in the first half of the calendar year,” said Lord Cruddas, the CEO of CMC MARKETS.

    pasted

    Read more

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    Current Rate  :
    --
    Amount
    United States Dollar
    Available
    -- United States Dollar
    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.