ANZ Share Investing Client Base Moves to CMC Markets

CMC Markets, one of the world's leading online financial trading businesses, has announced the official transition of ANZ Group Share Investing client base to CMC for a sum of AUD 25 million.

According to the announcement, the deal involves the transition of over 500,000 ANZ Share Investing clients, with total assets in excess of AUD 45 billion. The AUD 25 million will be funded from the CMC Markets’ existing cash resources.

In addition, the transaction also implies that the existing white label technology partnership between CMC Markets and ANZ will come to an end. The existing white label partnership generated £39.5 million in net trading revenue for CMC in FY 2021.

Following transition, ANZ Share Investing clients will benefit from lower brokerage charges across four major international markets and the local Australian market and will give CMC the opportunity to drive greater value from its enlarged client base.

“This transaction is part of our strategy to create a non-leveraged investment platform and forms part of our longer-term goals for the company,”Lord Cruddas, CMC Markets CEO said.”This is a further step towards the diversification of CMC's earnings and complements the launch of our new investment platform in the UK, aligning our business strategy across our core geographies."

Last month, CMC Markets has partnered with St Kilda Football Club​,  an Australian rules football club known as the Saints, to bring traders a new series—Analyst Mode.