McGuinn joined the London-listed broker from Mortgage Engine, a company that builds AI-based technology for the mortgage industry. He spent three years with the company as a Product and Delivery Manager and as a Technical Business Analyst. An experienced technology executive, McGuinn has worked in a variety of financial services firms. Throughout his career, he…
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The basic earnings per share for FY 2022 stood at 24.8 pence, down by 60%. The number of leveraged active clients also saw significant decline on yearly basis at 64,243, falling 16% compared to the previous year. The number of non-leveraged clients came in at 3,575, down by 22%. Compared to pre-pandemic levels, the number…
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She has previously held non-executive roles at Supply Me Capital PLC, SafeCharge International Group Limited and Kompli Global Limited. Chishti has also served in various roles with Deutsche Bank, Lloyd's Banking Group, Morgan Stanley Investment Management and Accenture. James Richards, Chairman, commented: I am delighted to welcome Susanne to the Board of CMC and we…
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Lord Cruddas, the CEO of CMC Markets, commented: I am delighted to report another year of strong performance both strategically and financially. Outside of the pandemic year (Financial year ending March 2021), this is a record net operating income result for the company. The performance reflects the ongoing success of our B2B technology partnerships and…
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CMC Markets further explained that the maximum aggregate number of shares that it will repurchase is 29,071,747 ordinary shares. RBC Europe Limited has been appointed to manage the Buyback Programme on its behalf. CMC Markets first announced the decision to launch the buyback program on 2 March. Board of the company decided to return excess…
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Richard Elston, Group Head of Institutional at CMC Markets Connect, commented: The partnership with Integral is the latest step in our mission to continue extending our institutional reach. By leveraging the network of a recognised industry leader, we’re making our pricing and liquidity available to an even wider audience, whilst our single stock CFD offering…
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Lord Cruddas, Chief Executive Officer, commented: I am pleased with the ongoing trends we’re seeing in client money, and physical share assets in Australia. In addition, the team is on track to launch our new UK investment platform in the first half of the calendar year. I remain confident in the outlook for CMC as…
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CMC Markets has decided to split into a leveraged division which consists of the leveraged trading and spreading business part of the business and into a non-leveraged arm which includes technology and new investment products platforms. The news of the separation follows the news of CMC Markets lowering its expectations for operating income in the…
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Leveraged gross client income for H1 FY2022 is anticipated to be around £127 million, compared to £174 million the previous year. Meanwhile, leveraged net trading revenue for the period is expected to be approximately £100 million — half of the £200 million figure previously reported. However, non-leveraged trading revenue is expected to fall to £24…
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Although CMC Markets has expressed positive comments around the trading update figures, it still shows negative growth compared to the 2021 figures. The operating income for the company was £409.8 million for the 2021 financial year. This was a 63% increase from the 2020 financial year, which had an operating income of £252 million. If…
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