CMC Markets plc (CMCX) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody, and thank you for joining CMC's half-year 2024 results presentation. On the call today is the Deputy Chief Executive, Dave Feinberg, and our newly appointed Chief Financial Officer, Albert Solomon, and Head of APAC and Canada, Matt Lewis. I will begin this morning's presentation with a brief overview of some of the operational and strategic successes from the half year before handing over to David, Albert and Matt, who will cover the financial and operational highlights in more detail and who will then also take any questions that you have. So if we go to slide three. As a reminder, our vision for CMC is to create the best-in-class one-stop financial trading and investment services platform of the future. And you will see from today's update that we have made some great strides over the last half year, all of which we are very proud of. One area of particular focus has been diversifying our revenues across new geographies and markets. In September, Matt and I were in Singapore, where we successfully launched our CMC Invest platform. Singapore represents a great opportunity for us with an expanding investor base that is growing in wealth, whilst also serving as a gateway to the wider Southeast Asia region. In addition, we also opened our Dubai subsidiary in the Dubai International Financial Center, where we are looking to expand our B2B offering. This regional hub provides us with a strong foothold in one of the most exciting financial centers in the world. There have also been exciting developments in respect of our client product offering. UK cash equities have launched for B2B clients. Mutual funds are now live on the Invest platform with six to follow in the second half of the financial year. And cryptocurrencies are trading on our Invest ...