CMC Markets PLC (LSE:CMCX) said operating income for the year date is in line with last year as clients and assets under administration ‘remain robust.'
The provider of trading technology said both its trading client numbers and client assets under administration in leveraged and non-leveraged Australian stock broking businesses remained robust.
CMC remains focused on delivering “strong business performance” for the financial year ending next March, it said in a statement.
“Progress towards new business growth across all platforms and geographies continue as planned and all expansion initiatives are on track,” the statement added.
At the same time, the London-listed firm warned the cost environment remains challenging and it expects operating costs to be 5% above guidance provided in last year’s results.
Higher costs come from higher personnel and non-personnel costs, it noted, including the professional fees and software costs associated with the company's expansion, along with a weaker pound.