CITY AM – Retail revival signals a new era in trading
After a difficult 2023, outlook for online trading platforms brightens as retail investors return
CITY AM says A bleak 2023 for retail trading platforms looks set to give way to a renaissance in 2024 with elections, falling interest rates and geopolitical volatility potentially prompting renewed interest in online trading.
Both CMC Markets and Plus500 released trading updates covering the three months to December on Monday morning, with the pair both revealing results for 2023 will be above market expectations.
Plus500 now expects to perform “significantly ahead” of current market expectations. Although the firm did not give any details, Stuart Duncan at Peel Hunt suspected the strong performance was “down to better-than-expected customer trading activity in the final quarter.”
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