Last checked at 30 Mar 2017 07:00
30th March 2017
CMC Markets Plc
Pre-Close Trading Update
CMC Markets Plc ("CMC"), a leading global provider of online retail trading, today issues the following Trading Update ahead of entering its close period on 1 April 2017.
Active CFD / Spreadbet client numbers have continued to increase. In-line with previous years, revenue has been modestly higher during the second half of the financial year. As guided at the H1 2017 results, FY 2017 net operating income will be below FY 2016 net operating income and costs remain broadly in line with H1 2017.
CMC is making further progress across its areas of strategic focus. In particular, CMC is delivering on its partnership with ANZ in-line with the projected timetable, including hiring key project staff and initiating IT development work. The partnership is expected to bring over 500,000 additional retail stockbroking clients to CMC's existing c.50,000 active stockbroking client base in Australia.
The FCA's consultation closed on 7 March 2017 and CMC made an extensive and thorough submission. CMC looks forward to working with the FCA and receiving the outcome of the consultation during the summer. CMC has also responded to the BaFin consultation which closed in January.
The full year results for the year ending 31 March 2017 will be announced on Thursday 8 June 2017. There will be a presentation at 9.30am for institutional investors and analysts at CMC's offices at 133 Houndsditch, London, EC3A 7BX, United Kingdom. Those wishing to attend should contact investor.relations@cmcmarkets.com.
Enquiries
CMC Markets Plc +44 (0) 20 7170 8200
Grant Foley, Chief Financial Officer and Head of Risk
Charlie Steel, Global Head of Corporate Development
Camarco +44 (0) 20 3757 4984
Geoffrey Pelham-Lane
Ed Gascoigne-Pees
Jennifer Renwick
Notes to Editors
CMC Markets plc ("CMC"), whose shares are listed on the London Stock Exchange under the ticker CMCX, was established in 1989 and is now one of the world's leading online financial trading businesses. The company serves retail and institutional clients through regulated offices and branches in 14 countries, with a significant presence in the UK, Australia, Germany and Singapore. CMC Markets offers an award-winning, online and mobile trading platform, enabling clients to trade over 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/