ANZ share investing client base transitions to CMC

CMC Markets Plc ("CMC" or the “Group”), a leading global provider of online trading and institutional (“B2B”) platform solutions, today announces the transition of Australia and New Zealand Banking Group Limited’s (“ANZ”) share investing client base to CMC for a sum of AUD$25m (the “Transaction”).

The Transaction involves the transition of over 500,000 ANZ Share Investing clients, with total assets in excess of AUD$45 billion. The AUD$25m consideration will be funded from the Group’s existing cash resources. The Transaction is another significant step in the ongoing diversification of the Group’s global business and in the Australian market at a time when we are seeing elevated demand for retail stockbroking services.

With this Transaction, the existing white label technology partnership, which has seen CMC’s trading technology power ANZ’s share investing business since 2018, will come to an end. The existing white label partnership generated £39.5 million in net trading revenue for CMC in FY 2021. The CMC platform will offer clients a wide range of additional benefits currently unavailable with ANZ. These include access to enhanced, market-leading mobile apps and complementary education tools and resources. 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.

The Transaction further establishes CMC as a financial technology leader in the Australian market and removes the uncertainty around the finite term of the existing ANZ white label partnership. The Transaction is expected to take 12 to 18 months to fully transition clients.

Forward looking statements

This trading update may include statements that are forward looking in nature. Forward looking statements involve known and unknown risks, assumptions, uncertainties, and other factors which may cause the actual results, performance, or achievements of the Group to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Except as required by the Listing Rules and applicable law, the Group undertakes no obligation to update, revise or change any forward looking statements to reflect events or developments occurring after the date such statements are published.