Brokerage company CMC Markets has issued its financial and economic estimates for fiscal year 2023.
CMC Markets estimates its net operating income to be between £280 million and £290 million in fiscal 2023, according to predictions.
Operating expenses, net of variable compensation, are expected to be between £215 million and £220 million, CMC Markets said in a statement.
The company reported a 21% increase in net operating income to £153.5 million in the first half of fiscal 2023 (April through September 2022). Broker's net trading revenue climbed by 27% to £128.4 million.
The broker stated that it is committed to modernizing its investment and trading platforms as well as expanding its institutional business.
