Archived article
Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Online trading brokerage CMC Markets said it was confident of achieving its net operating income target as monthly active clients were up around third from pre-pandemic levels.
For the period from 1 April 2021 to 30 June 2021, overall monthly active client numbers remained at similar levels as reported in 2021, which were up around a third from pre-pandemic levels.
Client income retention remained in excess of 80%, but below the levels reported for FY 2021, as previously guided.
Q1 2022 operating costs were tracking moderately higher year over year as guided due to a higher headcount, specifically talent for our new non-leveraged investment platform.
The company said it remained 'confident in achieving net operating income in excess of £330 million for FY 2022.'