CMC Markets PLC Extends Technology Partnership with Westpac Banking Corp
CMC Markets PLC announced on 29 September 2025 that it has extended its long‑term technology and platform partnership with Westpac Banking Corp, one of Australia’s largest banks. The extension follows the selection of CMC’s stockbroking arm as Westpac’s preferred vendor for the bank’s online share‑trading services, which include Westpac Share Trading and St George Directshares.
Key Details of the Agreement
| Item | Information |
|---|---|
| Parties | CMC Markets PLC (London‑based trading platform) and Westpac Banking Corp (Australia) |
| Scope | Provision of branded web and mobile white‑label platforms to Westpac and St George share‑trading customers |
| Integration Timeline | Approximately 12 months |
| Financial Impact | Costs are expected to be capitalised; incremental revenue upside anticipated for the Australian CMC Invest business |
| Ongoing Costs | Incremental on an ongoing basis |
CMC Markets confirmed that the integration will be implemented across Westpac’s current technology stack. The partnership is expected to strengthen CMC’s presence in the Australian market and provide a new revenue stream for the firm’s CMC Invest division.
Market Reaction
The news came as European equity markets opened modestly on Monday, with the FTSE 100 gaining 0.6 percent. While risk appetite remained cautious amid global geopolitical and U.S. policy uncertainties, the partnership was seen as a strategic expansion that could enhance CMC’s competitive position in the brokerage and investment‑services sector.
Company Profile
- Sector: Financials
- Industry: Capital Markets
- Primary Exchange: London Stock Exchange
- Currency: GBP
- Market Capitalisation: £62,538,761,568
- P/E Ratio: 9.98
- 2025‑09‑25 Close Price: £223.50
- 52‑Week High: £349 (20 November 2024)
- 52‑Week Low: £183.40 (6 April 2025)
CMC Markets PLC specialises in financial derivatives, offering spread betting, contracts for difference (CFD), and foreign exchange products to a global customer base. Its London headquarters and listing on the London Stock Exchange underpin its status as a key player in the capital‑markets industry.
