CMC Markets (CMCX)

Sector:

Financials

Index:

FTSE 250

276.50p
   
  • Change Today:
      4.50p
  • 52 Week High: 339.50
  • 52 Week Low: 89.80
  • Currency: UK Pounds
  • Shares Issued: 279.82m
  • Volume: 368,746
  • Market Cap: £773.69m
  • Beta: 1.48

CMC Markets enters partnership with New Zealand's ASB

By Josh White

Date: Friday 01 Nov 2024

LONDON (ShareCast) - (Sharecast News) - CMC Markets announced a strategic partnership with New Zealand bank ASB on Friday, marking a significant expansion into the Australia-New Zealand region.
The FTSE 250 company said the collaboration would allow ASB's clients access to CMC's trading technology via an ASB-branded web and mobile platform, integrated with the bank's existing systems.

It said the integration was expected to take between 12 and 18 months, with costs largely capitalised and expected to generate substantial revenue within CMC's Invest business.

Under the agreement, customers of ASB - owned by Australia's Commonwealth Bank - would gain access to CMC's trading platforms, featuring more than 15 international markets, along with market research and tax reporting tools.

CMC, currently Australia's second-largest stockbroker with over AUD 70bn (£35.6bn) in assets under administration and over a million trading accounts, would also become a full trading, settling, and clearing participant of the NZX exchange as part of the partnership.

"We are delighted to be announcing this partnership with ASB Bank to deliver our market-leading white label technology," said CMC Markets CEO Lord Peter Cruddas.

"There is no higher endorsement of our company than when a major bank or financial institution trusts our technology to deliver a service to their valued clients and this agreement marks further progress in our ongoing diversification strategy, as our B2B technology and institutional-first approach continue to unlock global opportunities.

"We look forward to working with ASB Bank to deliver the best online share trading service in New Zealand."

At 0827 GMT, shares in CMC Markets were up 0.72% at 308.7p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

CMC Markets Market Data

Currency UK Pounds
Share Price 276.50p
Change Today 4.50p
% Change 1.65 %
52 Week High 339.50
52 Week Low 89.80
Volume 368,746
Shares Issued 279.82m
Market Cap £773.69m
Beta 1.48

CMC Markets Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.67% below the market average69.67% below the market average69.67% below the market average69.67% below the market average69.67% below the market average
75.93% below the sector average75.93% below the sector average75.93% below the sector average75.93% below the sector average75.93% below the sector average
Price Trend
64.66% above the market average64.66% above the market average64.66% above the market average64.66% above the market average64.66% above the market average
53.57% above the sector average53.57% above the sector average53.57% above the sector average53.57% above the sector average53.57% above the sector average
Income
15.56% above the market average15.56% above the market average15.56% above the market average15.56% above the market average15.56% above the market average
29.23% below the sector average29.23% below the sector average29.23% below the sector average29.23% below the sector average29.23% below the sector average
Growth
80.82% below the market average80.82% below the market average80.82% below the market average80.82% below the market average80.82% below the market average
56.86% below the sector average56.86% below the sector average56.86% below the sector average56.86% below the sector average56.86% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 2
Sell 0
Strong Sell 3
Total 6
sell
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CMC Markets Dividends

  Latest Previous
  Interim Final
Ex-Div 05-Dec-24 11-Jul-24
Paid 09-Jan-25 09-Aug-24
Amount 3.10p 7.30p

Trades for 29-Nov-2024

Time Volume / Share Price
15:18 3 @ 275.00p
16:42 89,531 @ 275.79p
16:35 78,275 @ 276.50p
16:35 985 @ 276.50p
16:35 742 @ 276.50p

CMC Markets Key Personnel

CEO Peter Cruddas

Top of Page