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CMC Markets forecasts net operating income of over £330M for FY 2022

From fxnewsgroup.com

UK online broker CMC Markets Plc (LON:CMCX) today issued a trading update for the period from 1 April 2021 to 30 June 2021 (Q1 2022). In Q1 2022, CMC has continued to perform well. Overall monthly active client numbers remained at similar levels as reported in 2021, which were up around a third from pre-pandemic levels. As previously stated, whilst client trading activity has moderated from average FY 2021 levels CMC’s latest client cohort continues to show characteristics similar to those of clients onboarded over prior years. In addition, client income retention remained in excess of 80%, but below the levels ... (full story)

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