简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Further, monthly active clients across CMC businesses remained similar to the levels of the first half of the fiscal year.
The number of clients in the quarter remained closer to H1 levels.
The group is expecting to generate up to £280 million in revenue in FY22.
CMC Markets (LSE: CMCX) released a trading update of its performance between October and December, which is the third quarter of the ongoing fiscal. It highlighted that client money and asset under administration on both of its leveraged and non-leveraged businesses remain close to record highs.
In the first six months of FY2022, from April 2021 to March 2022, the operating income of CMC dropped by 45 percent, while the pre-tax profits declined 74 percent. Though the number of leveraged clients in the period slipped by 9 percent, the non-leveraged active clients strengthened by 10 percent.
Business Moves
Additionally, CMC is considering completely separating its leveraged and non-leveraged businesses for ‘maximizing shareholder value’. Talks for the move have already started, but they are still in the early stages.
Moreover, the latest trading update revealed that the trading company delivered sustained performance across both leveraged and non-leveraged operations in Q3. In addition, it has continued to invest in the development of its UK non-leveraged platform.
“I am pleased with the ongoing trends we're seeing in client money and physical share assets in Australia. In addition, the team is on track to launch our new UK investment platform in the first half of the calendar year,” said Lord Cruddas, the CEO of CMC Markets.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
This article outlines the history of Ponzi schemes, highlighting the infamous Charles Ponzi, Bernie Madoff, and beyond.
The forex market presents both opportunities and challenges, with technical analysis being crucial for successful trading. This article outlines the five essential steps for mastering Forex MT4 technical analysis: identifying trends, utilizing technical indicators, determining entry and stop-loss points, analyzing price charts, and performing real-time monitoring and adjustments. By following these steps, traders can enhance their understanding and application of technical analysis, ultimately improving their trading accuracy and success rate.
Wednesday's major data releases and macroeconomic events are expected to cause volatility to increase after another day of erratic trading in the financial markets. The Spring Budget for the UK will be released, and January Retail Sales figures for January will be made available by Eurostat. ADP Employment Change for February and January JOLTS Job Openings will be discussed later in the session on the US economic docket.
Major currency pairings are still trading in familiar ranges early on Tuesday after the erratic trading on Monday. The US economic docket for the American session will include the factory orders data for January and the ISM Services PMI survey for February. Final updates to the February PMI for the US, Germany, the UK, and the EU will also be released by S&P.