CMC Markets Plans To Apply For NZX Trading And Clearing Accreditation In 2025
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CMC Markets, a financial services company, recently announced plans to apply for accreditation as a Trading and Clearing Participant with the New Zealand Exchange (NZX) in 2025. The application will be submitted to NZ RegCo, which oversees compliance with NZX’s market rules.
The plan was announced at NZX’s Capital Markets Centre in Auckland. Peter Cruddas, who is the Chief Executive and Founder of CMC Markets, was there. Chris Smith, the General Manager for New Zealand, and Mark Peterson, the Chief Executive of NZX, were also present.
CMC Markets Aims To Establish A Strong Foundation In New Zealand
Peterson said that CMC Markets’ plans show that people like New Zealand’s capital markets. He stated that the company coming to New Zealand will give more chances for people from other countries to invest using CMC Markets for trading.
Smith from CMC Markets talked about how the company wants to bring its good work in Australia to New Zealand. He said the company wants to build a strong base in New Zealand before growing bigger. He explained that the firm want to be careful and set up solid groundwork to grow well in the new place.
Cruddas noted that CMC Markets has been in New Zealand for almost 20 years, which shows it care about the local market. He shared that the company has been part of Australia’s ASX trading system since 2007 and has done well there.
According to Cruddas, CMC Markets want to bring the same level of success to New Zealand. He said that the company’s focus will also include growing its partnerships with other businesses through smart technology that can help local clients and traders.
CMC Markets Seeks To Replicate Australian Success In New Zealand
CMC Markets has become very successful in Australia, and it want to share that success in New Zealand, Cruddas explained. He stated that the company work in Australia has brought in a lot of money, showing how important it is to have a strong base in each new place they go.
He reported that CMC Markets got over £62.3 million in money from Australia in the last six months. This, he stated, is more than what the firm got in the UK, making it the second time that money from Australia has been more than from the UK.
In the earlier time, Australia brought in £45.4 million, which was more than the UK’s £39.3 million, according to Finance Magnates.
Cruddas shared that CMC Markets has done very well in Australia, saying they have been in the ASX since 2007. He noted that during this time, CMC Markets have helped many partners and served over a million local retail investors.
