CMC Markets has reported record financial results for the year ending March 31, with total revenue climbing 16 percent to £418.7 million and statutory pre-tax profit jumping 20 percent to £101.3 million. Client assets under administration surged to an all-time high of £46.3 billion, driven largely by the Australian stockbroking operation. The London-listed firm is pivoting from its traditional CFD broker identity toward a technology-led platform model, with institutional and B2B partnerships now comprising the majority of group income. CMC Connect, the company’s white-label infrastructure offering, has enabled rapid expansion with one neobank API partnership delivering 2,400 percent growth in account openings within a year. Around 70 percent of those accounts originated from previously untapped markets. Investing revenue grew 30 percent to £57.8 million, while net trading revenue contributed £289.7 million. CEO Lord Peter Cruddas emphasized that the B2B model delivers faster payback, stronger margins, and geographic reach without heavy marketing expenditure.
FXnCO Insight
CMC’s aggressive shift toward B2B infrastructure positions it as a potential enabler for competitor brokers and neobanks seeking rapid multi-asset deployment.
Source: Finance Magnates