Big spenders set to boost revenues at online trading business CMC Markets

Online trading platform CMC Markets said today that a rocketing number of big-spending clients is expected to boost revenues for the full year.

In a trading update this morning, CMC said net operating income for the second half of its financial year had been "moderately" above the first half and "significantly" higher than last year.

Read more: CMC Markets shares jump on "significantly higher" half-year profitability

Though the overall active client numbers were slightly down on last year, the final quarter saw an increase and the active clients were generally spending more.

"The proportion of high value clients has increased, driving a significant improvement in revenue per client compared to the prior year," the company said in a statement.

However the higher income would be balanced by higher costs flowing from increased marketing, bonuses and its integration with antipodean bank ANZ.

CMC's shares swooped up 7.34 per cent in early trading.

CMC, most of whose clients are retail investors, did not provide any update on how it would be affected by a recent European ban on binary options and limitations on contracts for differences (CFDs).

Read more: The EU markets regulator has just banned "risky" binary options and limited contracts for difference to protect investors

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