The application will be submitted to NZ RegCo, which oversees compliance with NZX's market rules.
The firm plans to replicate its Australian model in New Zealand by building a foundation for growth.
Financial services company CMC Markets announced its
intention to apply for accreditation as an NZX Trading and Clearing Participant
in 2025. The application will be lodged with NZ RegCo, the entity responsible
for enforcing compliance with NZX’s market rules.
CMC Markets Pursues NZX Participation
The announcement took place at NZX’s Capital Markets Centre
in Auckland. CMC Markets Chief Executive and Founder Peter Cruddas and General
Manager for New Zealand Chris Smith attended the event alongside NZX Chief
Executive Mark Peterson.
Peterson commented on CMC Markets’ plans, indicating that
NZX welcomes the company’s participation. He stated that the move reflects the
appeal of New Zealand’s capital markets and provides more investment
opportunities for overseas clients using CMC Markets’ trading services.
Smith highlighted CMC Markets’ commitment to replicating its
success in Australia in the New Zealand market. He mentioned that establishing
a strong foundation is essential before scaling operations.
20 Years in New Zealand
Cruddas noted that CMC Markets has operated in New Zealand
for nearly 20 years and expressed a commitment to the local market. He
referenced the company's success as an ASX participant in Australia since 2007
and indicated plans to expand B2B partnerships through advanced technology
solutions.
CMC Markets aims to build a solid foundation in New Zealand,
mirroring its success in Australia, which has proven highly profitable for the
London-listed broker.
In the last fiscal half-year, the
firm generated over £62.3 million in revenue from Australia, exceeding its
UK earnings, as reported by Finance
Magnates. This marked the second consecutive half-year period where
Australian revenue outpaced the UK, following H2 FY23, when Australia brought
in £45.4 million compared to the UK's £39.3 million.
“In Australia, we have been a successful ASX participant
since 2007 servicing hundreds of partners and over a million local retail
investors. The next stage of our growth in New Zealand is expanding our B2B partnerships
with our leading, world class technology solutions,” Cruddas commented.
Financial services company CMC Markets announced its
intention to apply for accreditation as an NZX Trading and Clearing Participant
in 2025. The application will be lodged with NZ RegCo, the entity responsible
for enforcing compliance with NZX’s market rules.
CMC Markets Pursues NZX Participation
The announcement took place at NZX’s Capital Markets Centre
in Auckland. CMC Markets Chief Executive and Founder Peter Cruddas and General
Manager for New Zealand Chris Smith attended the event alongside NZX Chief
Executive Mark Peterson.
Peterson commented on CMC Markets’ plans, indicating that
NZX welcomes the company’s participation. He stated that the move reflects the
appeal of New Zealand’s capital markets and provides more investment
opportunities for overseas clients using CMC Markets’ trading services.
Smith highlighted CMC Markets’ commitment to replicating its
success in Australia in the New Zealand market. He mentioned that establishing
a strong foundation is essential before scaling operations.
20 Years in New Zealand
Cruddas noted that CMC Markets has operated in New Zealand
for nearly 20 years and expressed a commitment to the local market. He
referenced the company's success as an ASX participant in Australia since 2007
and indicated plans to expand B2B partnerships through advanced technology
solutions.
CMC Markets aims to build a solid foundation in New Zealand,
mirroring its success in Australia, which has proven highly profitable for the
London-listed broker.
In the last fiscal half-year, the
firm generated over £62.3 million in revenue from Australia, exceeding its
UK earnings, as reported by Finance
Magnates. This marked the second consecutive half-year period where
Australian revenue outpaced the UK, following H2 FY23, when Australia brought
in £45.4 million compared to the UK's £39.3 million.
“In Australia, we have been a successful ASX participant
since 2007 servicing hundreds of partners and over a million local retail
investors. The next stage of our growth in New Zealand is expanding our B2B partnerships
with our leading, world class technology solutions,” Cruddas commented.
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!
🌟 Explore cutting-edge solutions and connect with fintech leaders at FMLS:24!
🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!
🤝 Meet industry leaders at the premier event for brokers – FMLS:24. Secure your spot today!