CMC Markets has announced a long -term long -term partnership with Westpac Banking Corporation, one of the largest financial institutions in Australia, to provide online stock trading services to WestPac Trading and St.george Directshares.
Under the new ranking, CMC Markets Stockkets, the second largest stockpile in Australia, will work as a preferred seller for trading platforms in Westpac.
After a 12 -month integration process, WestPac and St. customers will be able to
CMC expects that the costs of integration will be largely formal, with significant revenues for the Australian CMC Invest.
The company stated that as soon as it is completed, the partnership is scheduled to be assigned to expand the presence of CMC significantly, which enhances the numbers of customers by about 40 % and increases local trading volumes by 45 %.
Lord Peter Crodas, CEO of the CMC Markets Group, described the agreement as a milestone for the company.
He said: “This is an important and exciting opportunity for CMC markets and continues our strong record in Australia to win the main technological partnerships with major banks.” “Our focus now is the support of WestPac and St.George customers, which enhances our relationship with Westpac to ensure a smooth and successful future.”
“After a wide -ranging and giving strategy, we have chosen CMC Stockkets as our favorite supplier,” said Ashley Stewart, Managing Director of Special Resources in Westpack.
“We look forward to expanding our relationship with them to provide innovative trading features and a leading user experience, integrated with online banking services.”