24th Jun 2016 16:28
LONDON (Alliance News) - IG Group Holdings PLC and CMC Markets PLC, the FTSE 250 spreadbetting and contracts-for-difference companies, on Friday said they made it through the market volatility of the UK's vote to leave the EU unscathed.
In a statement, CMC said it incurred no losses amid the volatility, and reported that it maintains a "strong" regulatory capital position.
"CMC maintains robust risk management processes to ensure it offers its clients the best possible service," the company said.
IG had earlier said it managed its operations and exposure "very effectively" through the night and into the day, as the UK found out that voters had decided to leave the European Union.
IG said that, although very early in its financial year, it is performing in line with expectations.
"IG's emphasis has been on assisting clients through this period of uncertainty, through measures both ahead of and during the event. The financial markets may remain unpredictable for some time to come and IG will continue to monitor and manage exposures and client positions very carefully," the company said in a statement.
IG said it will report results for the year ended May 31 on July 19.
Shares in IG closed down 4.0% at 806.19 pence Friday, while CMC shares closed down 2.9% at 267.00p.
By Samuel Agini; [email protected]; @samuelagini
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