CMC Markets PLC (LON:CMCX) has said trading activity in its CFD and stockbroking business since the start of March has been running at double the normal level due to the market volatility created by the coronavirus pandemic.
The retention of client income has remained strong, the spread betting firm added in a trading update.
As a result, net operating income will be ahead of current market consensus for the year ended 31 March 2020 with nine trading days remaining in the financial year, the group said.
Median market forecasts are for net operating income of £219mln and profit before tax of £72.9mln.