Business
Q3 2021 Trading Update
Q3 2021 Trading Update.
About this update from Cmc Markets Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2179M\n CMC Markets Plc\n 20 January 2021\n \n \n \n \n 20 January 2021\n \n \n CMC Markets Plc\n \n \n \n \n \n Q3 2021 Trading Update\n \n \n \n \n \n Continued strong performance underpinned by high client income retention\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 period from 1 October 2020 to 31 December 2020 (\"Q3 2021\" or the \"period\").\n \n \n \n \n \n Trading Update\n \n \n \n \n \n CMC's continued investment in platform technology and risk management, and its strategy of targeting high-quality premium and professional clients has continued to underpin the strong performance of the business over a sustained period of time.\n \n \n \n \n \n In Q3 2021, the entire business has continued to perform very well, with high active client numbers resulting in strong client trading activity, although at lower levels than earlier in the financial year. In addition, client income retention remained well in excess of 80%, but below the levels reported for H1 2021, as guided.\n \n \n \n \n \n Our investment in platform technology continues to attract and retain premium clients, with market leading functionality and robust operational performance. This was especially evident during the November Pfizer vaccine announcement when our platforms remained resilient and performed very well. The business reported no outages during this very volatile trading period.\n \n \n \n \n \n Client acquisition levels remain high and the quality of this year's new cohort of clients remain encouraging as they continue to show similarly high value qualities to prior cohorts.\n \n \n \n \n \n Following the continued strong performance, the Board is confident that net operating income for the Full Year 2021 will be at the upper end of the current market consensus1.\n \n \n \n \n \n Peter Cruddas, Chief Executive Officer, commented:\n \n \n \n \n \n \"I'm delighted by our performance, and as we enter our final financial reporting quarter, we are focusing on delivering on our premium client strategy through technology, service and a resilient trading platform. In addition, we have a healthy pipeline of projects tha...