UK-based online broker CMC Markets plc (LON: CMCX) has announced its intention to bolster its presence in New Zealand by applying for accreditation as an NZX Trading and Clearing Participant in 2025. This strategic move marks an important step for CMC Markets as it strengthens its relationship with New Zealand’s financial market and further expands its global reach.
The announcement was made at a high-profile event held at the NZX Capital Markets Centre in Auckland, attended by prominent figures including CMC Markets’ Chief Executive and Founder, Lord Peter Cruddas, CMC Markets New Zealand General Manager Chris Smith, and NZX Chief Executive Mark Peterson.
CMC Markets’ decision to seek accreditation as an NZX Trading and Clearing Participant underscores its commitment to offering clients direct access to the New Zealand Exchange (NZX) through its robust trading platform. Accreditation as an NZX market participant will enable CMC Markets to execute trades directly on the exchange and provide clearing services, which enhances the company’s operational capabilities within the New Zealand market.
This move reflects CMC Markets’ broader strategy to expand in key international markets and provide clients with access to diversified asset classes and trading instruments. With NZX Trading and Clearing Participant accreditation, CMC Markets will be able to offer New Zealand investors a more integrated trading experience, directly connecting them to the country's leading exchange.
CMC Markets’ application process will involve lodging an application with NZ RegCo, the independently governed entity responsible for monitoring and enforcing compliance with NZX’s market rules. NZ RegCo plays a crucial role in maintaining market integrity by overseeing listed issuers and accredited participants, ensuring strict adherence to regulatory standards.
The partnership between CMC Markets and NZ RegCo aims to establish a secure, compliant framework that will enhance the trading experience for New Zealand investors. CMC Markets’ commitment to regulatory compliance and transparency aligns with NZ RegCo’s objectives to uphold market integrity and foster investor confidence.
The pursuit of NZX Trading and Clearing Participant accreditation represents CMC Markets’ dedication to providing clients with a seamless, globally integrated trading experience. By the time the application process is complete, likely in 2025, CMC Markets expects to offer an expanded range of services tailored to New Zealand’s evolving financial market.
About CMC Markets
CMC Markets plc (LON: CMCX) is a leading UK-based provider of online trading services, offering a wide range of financial products, including CFDs, forex, and spread betting. Founded by Lord Peter Cruddas, CMC Markets has grown into a trusted global broker, delivering innovative trading platforms and resources to a worldwide client base.
