Business
3rd Quarter Results
3rd Quarter Results.
About this update from Cmc Markets Plc
[{"type":"text","content":"\n \nRNS Number : 8475C CMC Markets Plc 25 January 2018 \n\n25 January 2018\nCMC Markets PLC\nQ3 Trading Update\nContinued focus on high value clients delivers 33% growth in revenue per client \nCMC Markets plc, (LSE: CMCX, \"CMC\" or the \"Group\"), a leading global provider of online retail trading, today issues its trading update for the period from 1 October to 31 December 2017.\nThe Group delivered a strong performance in the third quarter, with net operating income the highest for the year to date, reflecting the Group's continuing focus on high value, experienced clients and growing institutional business. Active clients for the quarter were 6% lower than the same period last year at 38,859, and 4% lower for the year to date. However, the proportion of high value clients has continued to grow, helping drive revenue per client up by 33% from the same period last year and 26% on a year to date basis. \nOperating costs before variable remuneration continue to be well controlled, and the implementation of the Group's stockbroking partnership with ANZ Bank in Australia remains on track for delivery in September 2018. \nOutlook\nCMC remains confident that its strategy and focus on high value clients will continue to drive growth over time. However, the regulatory uncertainty continues and the Group remains cautious around the impact any potential changes could have on Group performance in the short-term. CMC's longer-term outlook remains positive and the Group believes that its strategy of targeting high value, experienced clients, many of whom could be 'elected professional', together with its proprietary technology puts the Group in a strong position to manage regulatory change. \n \nEnquiries\nCMC Markets Plc +44 (0) 20 7170 8200\nGrant Foley, Chief Operating and Financial Officer\n \nMedia enquiries\nCamarco\nGeoffrey Pelham-Lane/Ed Gascoigne-Pees/Jennifer Renwick Tel: +44 (0) 20 3757 4994\n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under Article 17 of the Market Abuse Regulation (\"MAR\"). Upon the publication of this announcement via Regulatory Information Service (\"RIS\"), this inside information is now considered to be in the public domain.\n \nNotes to Editors \nCMC Markets plc (CMC), whose shar...