Source - RNS
RNS Number : 1356J
CMC Markets Plc
07 September 2016



Trading update

CMC Markets plc (LSE: CMCX, "the Group") is issuing a trading update ahead of its Annual General Meeting to be held at 10:00am today at 133 Houndsditch, London, EC3A 7BX.

The Group continues to make progress on each of its strategic initiatives, with improvements in a number of key indicators of future trading activity. For the five month period to 31 August 2016, new clients are up 19% and active clients are up 9% compared to the same period last year. In addition, client money balances at the end of August are 21% higher than at the same point last year.

However, low levels of volatility are providing fewer trading opportunities for clients. As a result, and in line with many competitors, the value of client trades continues to be lower than the prior year and Net Operating Income for the six months to 30 September 2016 is expected to be lower than the same period last year.

The Group is confident that Net Operating Income will improve in the second half through the Group's larger funded client base, growing institutional offering and new product development. The Group also continues its focus on cost control.

With a strong, growing client base and clear strategy the Group remains focussed and confident of achieving the target of £220m Net Operating Income by 2020.

Peter Cruddas

Chief Executive Officer

7 September 2016


Forward Looking Statements

This trading update may include statements that are forward looking in nature. Forward looking statements involve known and unknown risks, assumptions, uncertainties and other factors which may cause the actual results, performance or achievements of the Group to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Except as required by the Listing Rules and applicable law, the Group undertakes no obligation to update, revise or change any forward looking statements to reflect events or developments occurring after the date such statements are published.



Camarco                                                                                                                                               +44 (0) 20 3757 4984

Geoffrey Pelham-Lane

Ed Gascoigne-Pees

Jennifer Renwick

This information is provided by RNS
The company news service from the London Stock Exchange

Related Charts

CMC Markets (CMCX)

-2.00p (-1.04%)
delayed 18:15PM