ANZ Share Investing clients transition to CMC Markets
CMC Markets, a leading global provider of online trading and institutional platform solutions, today announces the transition of ANZ Bank’s share investing client base to CMC.
The transaction will include the transition of over 500,000 ANZ Share Investing clients, with total assets in excess of A$45 billion.
Matthew Lewis, Head of Asia Pacific & Canada, CMC Markets, commented, “CMC Markets’ trading technology has been powering the ANZ share trading business under a white label technology partnership established in 2018. This transaction is testament to our ongoing partnership with ANZ Share Investing and demonstrates the strength of our offering in ensuring our clients have the support they need to trade the financial markets.”
“We are working closely with ANZ to provide a smooth transition and I am looking forward to welcoming ANZ Share Investing clients under the CMC brand soon,” Lewis added.
The transaction will provide ANZ Share Investing clients with a range of benefits currently unavailable with ANZ.
CMC Markets is currently the largest provider of Share Investing white label solutions (B2B) in Australia. The transaction cements CMC Markets as the second largest online broker (by client volume), firmly establishing the business as a financial technology leader in the region. The transaction is expected to take 12 to 18 months to fully transition clients and ANZ will continue to manage and provide cash management solutions to CMC.
CMC Markets has been providing share trading services in Australia since 2007 and is backed by over 30 years’ experience globally as a market-leading provider in online trading platform solutions with CMC Markets Group Plc listed on the LSE (FTSE 250).
During FY20/21, CMC Markets increased net share trading revenue by 72%, driven by offering $0 brokerage on international shares across four markets and increased market volatility.