anz securities

[bull....]

anz investing sale to cmc

Under the terms of the deal, after a transition period, CMC will service more than 500,000 ANZ retail stockbroking clients under the ANZ Share Investing (ANZSI) brand.

filing last night in london


don't know if this means the nz division is for sale too?

[macduffy]

Is it a sale - or a transfer of the business to an alternative trading platform?

http://www.asx.com.au/asxpdf/20170308/pdf/43gncpsz53z0qp.pdf

[bull....]

Is it a sale - or a transfer of the business to an alternative trading platform?

http://www.asx.com.au/asxpdf/20170308/pdf/43gncpsz53z0qp.pdf

hard to say devil in the details but I believe maybe when you buy shares thru cfd providers you do not own the shares legally even though you brought them?

[bull....]

Is it a sale - or a transfer of the business to an alternative trading platform?

http://www.asx.com.au/asxpdf/20170308/pdf/43gncpsz53z0qp.pdf

according to this article it is a sale

https://thewest.com.au/business/banking/jobs-in-limbo-after-anz-reveals-broker-unit-sale-ng-b88410672z

so since cmc markets operate in nz too I guess they will takeover the nz branch as well

[couta1]

according to this article it is a sale

https://thewest.com.au/business/banking/jobs-in-limbo-after-anz-reveals-broker-unit-sale-ng-b88410672z

so since cmc markets operate in nz too I guess they will takeover the nz branch as well The article states that only Melbourne and Sydney staff affected, so may not affect NZ branch.