CMC Markets shares have jumped by almost 30% today after the online trading and investment group unveiled a surge in new partnerships, record performance in Australia and a major upgrade to its revenue expectations for the year.
The standout was a huge deal with Westpac, Australia’s second-largest bank, described as the biggest institutional partnership in CMC’s history.
Under the agreement, the London-based company will provide the bank with FinTech infrastructure, trading technology and execution services.
The partnership is expected to lift domestic trading volumes by around 45% and deliver a “material” expansion of the firm’s customer base once it launches in around 12 months.
CMC’s net operating income for the first half of the year has also risen by 5% to £186.2 million, driven by higher trading and investing revenues.
The company’s Australian stockbroking arm delivered a record half-year, with income climbing 34% year-on-year to A$65.9m and assets under administration rising to A$91 billion.
Although profit before tax was broadly flat at £49.3m, this was largely due to a further £5.2m Australian remediation charge.
The business now expects full-year net operating income to be around 10% ahead of market expectations, supported by strong client activity, record cash balances and rapid growth in its B2B and API technology partnerships.
The API partnerships – now live across more than 30 European countries, many where CMC has no physical presence – have delivered hundreds of thousands of new accounts in the past year.
The group, which is a member of the FTSE 250 index, also flagged new partnerships at an advanced stage with a major international bank and UK retailer Currys, as it shifts into white-label and institutional services.
It now has a three-phase plan to launch a “Super App”, which will eventually aim to unify traditional finance products with tokenised assets, stablecoin payments and blockchain-based settlement.
Following the news, the company’s share price has sky-rocketed by 27.95% as of 12:52pm today to 265.5p.
This is a 7.26% increase on the 248p which it stood at at the beginning of 2025 and it has a market cap of £743m.
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