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Australia’s largest CFD provider acquires boutique stockbroking firm

CMC Markets acquires Andrew West Stockbrokers

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Sydney – 9 January 2008 – CMC Markets is pleased to announce the details of its recently concluded acquisition of Andrew West Stockbrokers, an online broking company.

David Trew, Managing Director of CMC Markets Asia Pacific said the acquisition “will create Australia’s new non-bank aligned broking powerhouse”.

FAQs

Who is Andrew West Stockbrokers(AWS)?

AWS is a reputable online stockbroking house with over ten years trading experience. They have developed their own in-house online share trading platform to support clients trading needs.

Why AWS?

This acquisition is in line with our growth strategy in Australia and the Asia Pacific region, and will provide us with an accelerated expansion path. This is a strategic fit for both companies allowing us to capitalise on the knowledge of our people and our combined growth potential. We offer complementary products and services dedicated to the retail market.

Why have we acquired AWS?

This acquisition increases the scope of products available to our clients and gives us the ability to expand into a broader share trading market not previously available to CMC Markets.

We see synergies between the culture and structure of both companies as well as their innovative online trading platform and our own Marketmaker®, the two complementing each other with capability and development potential.

How will the acquisition translate into benefits for CMC Markets clients?

This acquisition will result in our ability to provide clients with a greater range of investment products and services over time. Soon you will be able to access a full suite of investment tools to manage and potentially grow profits from your portfolio using the one provider, using your share portfolio as collateral for CFD trading.

Will I have access to AWS’ online trading platform?

By opening an account with AWS you will get access their online share trading platform.

How can I found out more about AWS?

To find out more about AWS go to their website http://www.andrewwest.com.au/trading/

If you have any further questions, please contact our Client Services team on 1300 660 262.