David Fineberg Archives - The Industry Spread

CMC Markets Releases Trading Update for FY 2019 Ahead of Results, Also Made Changes to its Board

In the update, the company noted that the financial performance of the company was heavily influenced by the implementation of the ESMA intervention measures on 1st August 2018. This measure greatly reduced the client trading activity and challenging market conditions in the fourth quarter of 2018 impacted revenue generation. The company expects CFDs and spread-bet revenue during the fiscal at £110 million which is almost 37 per cent lower compared to previous fiscal.

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