CMC Markets approves proposed appointment of Deloitte as its auditor
CMC Markets Plc (LON:CMCX), a leading provider of online trading and institutional platform technology solutions, today announced that following the conclusion of a formal tender process led by the Group’s Audit Committee, the Board has approved the proposed appointment of Deloitte LLP as its auditor for the year ending 31 March 2023.
This appointment is subject to approval by the Group’s shareholders at the next Annual General Meeting to be held in July 2022.
Having served as auditor since 2010, PricewaterhouseCoopers LLP (PwC) will complete the audit for the year ending 31 March 2022.
Last week, CMC Markets issued a trading update for the six months to 30 September 2021 (H1 2022).
CMC reiterated prior guidance and expects FY 2022 net operating income to settle in a range between £250-280 million.
Overall client assets under management (AUM) remain near record levels. H1 2022 active clients are moderately lower compared to H1 2021, nevertheless the monthly trading client numbers continue to remain at similar levels to those reported earlier in the year. Increased market activity exiting September led to improved client trading volumes.
H1 2022 leveraged net trading revenue is expected to be approximately £100 million (H1 2021: £200 million). The Group’s non-leveraged net trading revenue is expected to be approximately £24 million for H1 2022 (H1 2021: £26 million).