ASB to outsource sharebroking to CMC Markets
Deal will bring international markets to ASB customers after 12-18 months implementation.
Announcing CMC's NZX application. L-R: Chris Smith, CMC; Mark Peterson, NZX; Lord Peter Cruddas, CMC; John McMahon, NZX.
ASB Bank is to outsource its sharebroking service in a white label deal with online trading specialist CMC Markets, matching similar moves by banks in Australia.
Under the deal, ASB’s sharebroking service will be operated by CMC and services expanded to offer share trading in 15 international
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