CMC Markets PLC (LSE:CMCX) chief financial officer Euan Marshall talks to Katie about its first quarter trading update in which he highlights "strong assets under administration and robust active client numbers."
Marshall mentions experiencing higher costs, revealing it expects operating costs to be 5% above the guidance outlined in last year’s results.
Higher costs were attributed to higher personnel and non-personnel costs, including the professional fees and software costs associated with its expansion, along with a weaker pound.