0

Shopping cart

CMC Markets to Provide ANZ Share Investing Trading Platform

ANZ Bank & CMC Markets ANZ Managing Director Pensions and Investments Peter Mullin
Share on linkedin
Share on facebook
Share on twitter
Share on email

ANZ today announced an agreement with CMC Markets to provide a market leading share trading solution to customers under the ANZ Share Investing brand.

The agreement reflects a continued focus by ANZ to simplify its business and it is expected customers will transfer to the new platform by September 2018. ANZ will decommission its current trading platform following customer migration.

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 worldclass 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.
As part of the agreement, ANZ will continue to manage and provide existing investment lending and cash management solutions.

ANZ will work with CMC Markets to identify opportunities for its existing ANZ Share Investing employees.

Headquartered in London and listed on the London Stock Exchange, CMC Markets has operations in 14 countries and is a leading provider of online trading both for retail and institutional customers.

The financial impact of the agreement and costs associated with decommissioning the ANZ platform are not material to the Group.

Share on linkedin
Share on facebook
Share on twitter
Share on email

Subscribe

The Australian Business Executive (The ABE) provides an in-depth view of business and economic development issues taking place across the country. Featuring interviews with top executives, government policy makers and prominent industry bodies The ABE examines the news beyond the headlines to uncover the drivers of local, state, and national affairs.

All copy appearing in The Australian Business Executive is copyrighted. Reproduction in whole or part is not permitted without written permission. Any financial advice published in The Australian Business Executive or on TheABE.com.au has been prepared without taking in to account the objectives, financial situation or needs of any reader. Neither The Australian Business Executive nor the publisher nor any of its employees hold any responsibility for any losses and or injury incurred (if any) by acting on information provided in this magazine. All opinions expressed are held solely by the contributors and are not endorsed by The Australian Business Executive or TheABE.com.au.

All reasonable care is taken to ensure truth and accuracy, but neither the editor nor the publisher can be held responsible for errors or omissions in articles, advertising, photographs or illustrations. Unsolicited manuscripts are welcome but cannot be returned without a stamped, self-addressed envelope. The publisher is not responsible for material submitted for consideration. The ABE is published by Romulus Rising Pty Ltd, ABN: 77 601 723 111.

© 2019 - The Australian Business Executive. All rights reserved.