CMC Markets Sees 63% Y/Y Increase in Net Operating Income in FY2021

UK online broker CMC Markets today posted its financial figures for the full year ended on March 31, 2021, showing a significant increase in all metrics on a YoY basis.

More specifically, net operating income came in at £409.8 million, 63% higher than the previous year. Profit before tax up 127% to £224 million, that number for 2020 is £98.7 million. CFD gross client income amounted to £335.3 million, increased by 39% than a year ago(2020: £240.6 million). CFD net trading revenue rose 63% to £349.2 million. In addition, CFD active clients grew 34% to 76,591 from 57,202 compared to 2020. CFD revenue per active client up 22% to £4,560. Operating expenses increased by 22% to £184.0 million.

Forexway Launched the First-of-its-kind Animated Videos on Forex Trading​

Commenting on these results, Lord Cruddas, Chief Executive Officer at CMC Markets, said: “I am delighted with our record performance, which vindicates our strategy of continuing focus on high value clients and technology investment. I am tremendously proud of the resilience, flexibility and capability displayed by all of my colleagues at CMC and would like to personally thank them all for the commitment and passion with which they continue to deliver high levels of service to our clients.”

As Fazzaco reported earlier, CMC Markets Connect, the institutional division of CMC Markets, has upgraded its tech stack​ to facilitate faster price construction and increase the range of asset classes available to trade. After the upgrade, CMC Connect clients will now have access to an additional 60-plus spot FX pairs and precious metals.