ANZ share trading platform to be taken over by CMC Markets
CMC Markets will service the entire ANZ Share Investing client base by September 2018.
ANZ has announced its share investing platform will be taken over by CMC Markets, with investors expected to transition to the new platform by September 2018.
The platform will be under the ANZ Share Investing brand, with CMC Markets expected to service over 500,000 ANZ retail stockbroking clients.
CMC Markets is a leading provider of international online retail trading solutions, trading over 10,000 products including commodities, forex and shares.
ANZ managing director pensions and investments Peter Mullin said, “CMC Markets is well known for providing market-leading technology to its customers both in Australia and globally.”
“Share trading remains an important customer proposition for ANZ and this agreement will allow our customers to trade easily and securely when and where they want on a world class platform. CMC Markets has also committed to working with ANZ to bring new and innovative features to our customers.”
"For now it's business as usual for our customers who will access the same share trading platform they have always used and we will continue to manage their deposits once they transfer to the new system,” Mr Mullin said.
CMC’s stockbroking business is predicted to increase by A$40 million as a result of the new partnership.