CMC Markets Plc Pre-Close Trading Update (9288A)
March 30 2017 - 1:00AM
UK Regulatory
TIDMCMCX
RNS Number : 9288A
CMC Markets Plc
30 March 2017
30(th) 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/
This information is provided by RNS
The company news service from the London Stock Exchange
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