CMC Markets has entered into a strategic partnership with ASB Bank, one of the leading financial institutions in New Zealand with approximately 1.5 million customers. Under this long-term agreement, CMC will offer ASB clients access to its technology and trading execution through an ASB-branded web and mobile platform. This platform will be fully integrated with ASB Bank's existing technological solutions.
Additionally, the agreement mandates that CMC become a fully-fledged trading, settling, and clearing participant on the New Zealand stock exchange (NZX).