Case Studies
Advising on major technology outsourcing matters
• 21 March 2017
• 1 min read
Maddocks advised CMC Markets Stockbroking Ltd on a significant agreement with the ANZ Bank and Share Investing Limited
Maddocks advised CMC Markets Stockbroking Ltd on a significant agreement with the ANZ Bank and Share Investing Limited, which will see CMC Markets provide its online stockbroking platform to ANZ clients.
Under the contract, CMC Markets will provide its online stockbroking platform with ANZ branding. The platform will service more than 500,000 ANZ retail stockbroking clients, which will result in CMC Markets becoming the second-largest stockbroker in Australia by both number of clients and trades executed.
CMC Markets is a part of the CMC Group, which is a leading global provider of online retail financial services.
The Maddocks team on the matter was led by special counsel Brendan Tomlinson and included partners Andrew McNee and Bruce Heddle, special counsels Arlene Colquhoun and Olivia Hillier and associates Jack Evans and Julian Law.
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