Business
COVID-19 and Trading Update
COVID-19 and Trading Update.
About this update from Cmc Markets Plc
[{"type":"text","content":"\n \n \n RNS Number : 8942G\n CMC Markets Plc\n 20 March 2020\n \n \n \n \n 20 March 2020\n \n \n CMC Markets Plc\n \n \n \n \n \n COVID-19 and Trading Update\n \n \n \n \n \n Strong trading activity and technology enabled operational resilience\n \n \n \n \n CMC Markets Plc (\"CMC\" or the \"Group\"), a leading global provider of online trading and institutional (\"B2B\") platform technology solutions, today issues a trading update for the first 13 trading days of March from 1 March 2020 to 19 March 2020 (the \"Period\").\n \n \n \n Peter Cruddas, Chief Executive Officer, commented:\n \n \n \"During these worrying times we are supporting our staff to stay safe by working from home. Due to our long-term investment in technology, we can effectively run this business from home and from our disaster recovery sites in Hertfordshire and Sydney, and that is what we have been doing this week. Ninety-nine per cent of our London office are working from home or from our disaster recovery site in Hertfordshire. We are operating split shift systems in Sydney across our main office and our Chatswood disaster recovery site. As a result of this, there is effectively no limit to the amount of time we can operate this way.\n \n \n \"I am proud of my team and their commitment to the business during these difficult times. They understand that we have to support the business and our clients during these turbulent times. We are also listening to advice from the Government and support the Government's plans as much as possible. I am pleased to say that our technology infrastructure has held up well, including our B2B and stockbroking platforms, despite record trades in the underlying markets and exchanges. At times like these it is not just about our financial performance, which is clearly very good, but it is about protecting the business, our clients and our staff and that is my major concern now. However, I can confirm that we are operating very well and there are no major commercial or technology issues that concern me at this time. Hopefully we can all get back to normal soon.\"\n \n \n \n Trading update \n \n \n The heightened trading activity experienced at the end of February and highlighted in the 3 March trading update has continued into March. The Group has experienced continued high leve...