REG - CMC Markets Plc - Westpac and CMC Extend Strategic Relationship

CMC MarketsAnnouncement

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RNS Number : 0569B  CMC Markets Plc  29 September 2025

29 September 2025

 

CMC MARKETS PLC

("CMC" the "Group" or the "Company")

 

Strategic relationship with Westpac Banking Corporation ("Westpac")

 

Westpac and CMC extend strategic relationship in Australia

 

CMC Markets Stockbroking has been selected as the preferred vendor extending
its strategic long-term technology and platform relationship with Westpac
Banking Corporation (WBC.ASX), one of Australia's largest banking
institutions. This arrangement relates to Westpac's online share trading
services, Westpac Share Trading (WST) and St.George Directshares (DS).

Following an integration period, CMC will provide Westpac and St.George share
trading customers with access to leading technology and execution via branded
web and mobile white label platforms, including integration with the Bank's
current technology offering. Integration is expected to take approximately 12
months, with the associated costs expected to be largely capitalised with
revenue upside proving meaningful to our Australian CMC Invest business.

On an ongoing basis, the cost impact is expected to be incremental as the
Group leverages existing technology, scale and experience to deliver a
best-in-class service to the Bank and its valued customers.

Westpac and St.George customers will gain access to CMC's award-winning
trading technology across mobile and desktop platforms, with access to global
markets, comprehensive market analysis, trading tools and all future roadmap
deliveries.

As Australia's second-largest stockbroking firm, CMC Markets Stockbroking
manages over A$90 billion in assets under administration and serves more than
1.2 million share trading accounts. This new arrangement will result in a
meaningful increase in CMC's market presence which will see the business post
integration servicing circa 40% more customers with increased domestic volumes
of approximately 45%.

The transaction is not subject to any regulatory or shareholder approval.

Overview of Westpac Banking Corporation

Westpac ranks as one of Australia's largest banking institutions, serving
approximately 13 million customers.

CMC Markets Group CEO, Lord Peter Cruddas, commented:

"This is a significant and exciting opportunity for CMC Markets and continues
our strong record in Australia in winning major technology partnerships with
major banks.  This is testament to our proven success in working with a range
of major banking partners. There is no greater validation of our capabilities
than when a major institution places their trust in our technology to serve
their valued customers. We are committed to delivering investors a market
leading user experience and this exciting arrangement is a result of our
best-in-class technology, breadth of products and our ambitious roadmap to
continue to expand and innovate.

Our focus now turns to supporting Westpac and St.George customers, furthering
our relationship with Westpac to ensure a smooth and successful future.

This is a very exciting for the Group, and I am excited about taking the
Bank's online trading experience to the next level and beyond."

Westpac Managing Director, Private Wealth, Ashley Stewart, commented:

 "Following an extensive strategic review and tender process, we've selected
CMC Markets Stockbroking as our preferred platform supplier for Westpac's
online share trading services which includes Westpac Share Trading and
St.George Directshares.

CMC is a recognised market leader in online share trading.  We look forward
to extending our relationship with them to deliver innovative trading features
and a leading user experience, integrated with our online banking for more of
our customers."

 

Forthcoming announcement dates:

20 November 2025
                                    H1 2026
Interim Results

 

Enquiries

CMC Markets Plc
 

Matthew Lewis, Head of ANZ

David Fineberg, Head of Strategic Partnerships

Matthew Lee, Investor Relations
 
investor.relations@cmcmarkets.com

 

Notes to Editors

CMC Markets Plc ("CMC"), whose shares are listed on the London Stock Exchange
under the ticker CMCX (LEI: 213800VB75KAZBFH5U07), was established in 1989 and
is now one of the world's leading online financial trading businesses. The
Company serves retail and institutional clients through regulated offices and
branches in 12 countries with a significant presence in the UK, Australia,
Germany and Singapore. CMC Markets offers an award-winning, online and mobile
trading platform, enabling clients to trade over 12,000 financial instruments
across shares, indices, foreign currencies, commodities and treasuries through
contracts for difference ("CFDs"), financial spread bets (in the UK and
Ireland only) and, in Australia, Singapore and the UK, access stockbroking
services. More information is available at http://www.cmcmarketsplc.com
(http://www.cmcmarketsplc.com) .

 

Ends.

 

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