Financial services company CMC Markets announced its
intention to apply for accreditation as an NZX Trading and Clearing Participant
in 2025. The application will be lodged with NZ RegCo, the entity responsible
for enforcing compliance with NZX’s market rules.

CMC Markets Pursues NZX Participation

The announcement took place at NZX’s Capital Markets Centre
in Auckland. CMC Markets Chief Executive and Founder Peter Cruddas and General
Manager for New Zealand Chris Smith attended the event alongside NZX Chief
Executive Mark Peterson.

Peterson commented on CMC Markets’ plans, indicating that
NZX welcomes the company’s participation. He stated that the move reflects the
appeal of New Zealand’s capital markets and provides more investment
opportunities for overseas clients using CMC Markets’ trading services.

Smith highlighted CMC Markets’ commitment to replicating its
success in Australia in the New Zealand market. He mentioned that establishing
a strong foundation is essential before scaling operations.

20 Years in New Zealand

Cruddas noted that CMC Markets has operated in New Zealand
for nearly 20 years and expressed a commitment to the local market. He
referenced the company’s success as an ASX participant in Australia since 2007
and indicated plans to expand B2B partnerships through advanced technology
solutions.

“In Australia, we have been a successful ASX participant
since 2007 servicing hundreds of partners and over a million local retail
investors. The next stage of our growth in New Zealand is expanding our B2B partnerships
with our leading, world class technology solutions.”