CMC Markets PLC (LSE:CMCX)'s (LON:CMCX) CFO Euan Marshall talks to Proactive London's Katie Pilbeam about the release of their trading update for the first half of the year.
As Marshall explains, net operating income is expected to be approximately £126m in the period.
Active client numbers are moderately lower compared with the first half of 2021, but monthly trading client numbers continue to remain at similar levels to those reported earlier in the year. Overall client AUM remains near record levels he says.
Their Australian stock broking business finished the first half with record AuM and the highest number of monthly active clients for the year to date. They also completed on the acquisition of ANZ’s Share Investing clients which resulted in 500,000 new clients, in addition to total assets of AUD$45 billion, moving over to CMC.