CMC Markets PLC (LSE:CMCX, FRA:T8Q) said trading activity had continued at healthy Ievels in the first three months of its current fiscal year albeit below the exceptional volumes seen in the previous twelve months.
Monthly active client numbers remain at similar levels to 2021, which were up by around a third from pre-pandemic levels, the spread betting firm said in a trading update.
Client income retention remained in excess of 80%, but below the levels reported for the year just ended, as previously guided.
Operating costs were moderately higher year on year as new staff were taken on for its new non-leveraged investment platform.
CMC added it remains confident in achieving net operating income in excess of £330mln for the year to end March 2022.
Lord Cruddas, chief executive, said: "I'm pleased with our start to this financial year following a record FY 2021.
“I remain confident in the outlook for CMC as we continue to make progress with our strategic initiatives.”