Newly-public CMC Markets Plc (LON:CMCX) has issued its first Trading Update as a public company, and it looks fairly good.
The leading Forex, CFD and spreadbetting broker has a March 31 year end. For its end of year quarter (January-March) CMC stated that trading activity has been ‘in-line with expectations with the recent market volatility helping to drive growth’.
Active client growth has been strong at approximately 13% year on year, with a modest increase in revenue per client.
CMC stated that it is making further progress across its areas of strategic focus: Growth in Core Markets, International Expansion, Product Innovation, Digital Marketing and Institutional Offering.
CMC’s full year results for the fiscal year ending March 31, 2016 will be announced on Wednesday June 8.
Since its IPO in early February, CMC shares have traded fairly well, sitting at £2.53 today versus the IPO price of £2.40.
In addition to its IPO, the January-March 2016 quarter saw other major changes at CMC, including the launch of a brand new website, platform and look for the company.
For more on CMC’s Trading Update click here.