As part of this mandate, BNP Paribas Securities Services will provide CMC Markets with settlement and custody services for international equities, ETFs, depository receipts and closed-end funds initially across 11 countries.
CMC Markets’ customers will benefit from greater access to international markets thanks to BNP Paribas Securities Services’ extensive network, which covers more than 90 markets. BNP Paribas Securities Services’ flexible account structure, competitive securities settlement and corporate actions deadlines and real-time information and reporting services will also help CMC Markets enhance operational efficiency.
Luc Renard, Head of Financial Intermediaries & Corporates at BNP Paribas Securities Services, Asia Pacific, said:
“We are pleased to have been appointed by CMC Markets. This is a prestigious new mandate which will consolidate our position as a leading custodian in Australia. Thanks to our global and multi-local model, CMC Markets will benefit from BNP Paribas’ investment in digital innovation, combined with our local market expertise and client support. This will help develop their access to global markets and deliver operational efficiency gains.”
Andy Rogers, Head of Stockbroking at CMC, Australia, said:
“We are delighted to partner with BNP Paribas, a leading global banking provider, to offer CMC Markets customers even greater assurances when it comes to investing and trading. The mandate is an enterprise grade solution that both enhances operational efficiencies and enables us to expand our market-leading solution, facilitating customers’ access to the US market, as well as major European and Asian markets. This makes our platform even more compelling for traders and investors, who are consistently seeking greater access to international markets and diversity in their portfolios.”
BNP Paribas Securities Services is a leading global custodian with USD 11 trillion in assets under custody, while CMC Markets is an award-winning online share trading platform.
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About BNP Paribas Securities Services (www.securities.bnpparibas.com)
BNP Paribas Securities Services, a wholly owned subsidiary of the BNP Paribas Group, is a leading global custodian and securities services provider. Backed by the strength of the BNP Paribas Group, we provide multi-asset post-trade and asset servicing solutions for buy and sell-side market participants, corporates and issuers. With local expertise in 36 countries and a global reach covering 90+ markets, our network is one of the most extensive in the industry, enabling clients to maximise their investment opportunities worldwide.
About BNP Paribas Securities Services (www.cmcmarkets.com.au)
CMC Markets plc. (CMCX), was established in 1989 and through regulated offices and branches in 14 countries is now one of the world’s leading independent financial services providers. CMC Markets is now the second largest retail stockbroker in Australia*. Through our award-winning, online and mobile trading platforms, we enable clients to trade over 10,000 financial instruments including contracts for difference (CFDs), foreign currencies (FX), Binaries and Countdowns, electronically traded funds (ETFs), shares, mFunds (unlisted managed funds), options, listed managed investments, warrants and interest rate securities. Please see our website for more information www.cmcmarkets.com.au
*As reported by IRESS, in terms of total value of trades executed by both CMC Markets and ANZ Share Investing