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The Markets
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The Markets
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Investments and investor services

CMC Markets on target to meet full-year guidance

The online trading platform operator said assets under management and assets under administration were close to record highs in the third quarter

CMC Markets PLC (LSE:CMCX) said it is confident of achieving net operating income in its guided range of £250mln-£280mln for its current financial year.

In a trading update, the online trading platform operator said assets under management and assets under administration were close to record highs in the third quarter to 31 December 2021.

Monthly active client numbers across both leveraged and non-leveraged businesses remained at similar levels to those in the first half of the year, it said.

"The group remains confident in the underlying performance of the business," CMC Markets said.

"It is progressing well with its strategic initiatives, including the ongoing development of the UK non-leveraged investment platform, and looks forward to continuing to generate long-term business growth and value,"

Shares rose 2.4% to 236.06p in opening trade.

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