CMC Markets (CMCX)

Sector:

Financials

Index:

FTSE 250

228.50p
   
  • Change Today:
    -1.00p
  • 52 Week High: 338.50p
  • 52 Week Low: 197.20p
  • Currency: UK Pounds
  • Shares Issued: 279.82m
  • Volume: 90,216
  • Market Cap: £639.38m

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.

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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 228.50p
Change Today -1.00p
% Change -0.44 %
52 Week High 338.50p
52 Week Low 197.20p
Volume 90,216
Shares Issued 279.82m
Market Cap £639.38m

CMC Markets Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.75% below the market average23.75% below the market average23.75% below the market average23.75% below the market average23.75% below the market average
32.65% below the sector average32.65% below the sector average32.65% below the sector average32.65% below the sector average32.65% below the sector average
Price Trend
25.82% above the market average25.82% above the market average25.82% above the market average25.82% above the market average25.82% above the market average
6.93% above the sector average6.93% above the sector average6.93% above the sector average6.93% above the sector average6.93% above the sector average
Income
67.60% above the market average67.60% above the market average67.60% above the market average67.60% above the market average67.60% above the market average
37.93% above the sector average37.93% above the sector average37.93% above the sector average37.93% above the sector average37.93% above the sector average
Growth
12.04% above the market average12.04% above the market average12.04% above the market average12.04% above the market average12.04% above the market average
16.13% above the sector average16.13% above the sector average16.13% above the sector average16.13% above the sector average16.13% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 5
Sell 0
Strong Sell 1
Total 7
neutral
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
  Final Interim
Ex-Div 10-Jul-25 05-Dec-24
Paid 15-Aug-25 09-Jan-25
Amount 8.30p 3.10p

Trades for 28-Aug-2025

Time Volume / Share Price
13:13 22,056 @ 228.00p
13:00 233 @ 228.50p
13:00 81 @ 228.50p
13:00 228 @ 228.50p
13:00 9 @ 228.50p

CMC Markets Key Personnel

CEO Peter Cruddas

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