CMC Markets Approved for Launch in Singapore, and Fiscal 2023 Back on Track

According to CMC Markets, a world's leading trading and brokerage solutions provider, announced today that a green light has been given for the launch of CMC Singapore Invest, and issued a trading update that covers Oct 2022 to Jan 2023.

First of all, it received a regulatory approval in principle by Singapore's financial authorities, other new launches in the third quarter included adding ISAs, ETFs and ESG screens to CMC Invest UK, which was itself launched at the end of the first half.

The company's operating income recovered sharply in January despite being worse in December, according to the statement from the online provider. In both the investment and trading operations, monthly active clients, assets under management, and assets under administration remain consistent since the first half of the year, as shown in the statement.

According to chief executive Lord (Peter) Cruddas, 2023 is "set to be an exciting year for CMC as we continue our growth strategy", with product expansion, new trading analytics, new pricing functions and improved onboarding initiatives that all "remain on track" across both investing and trading platforms.