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CMC Markets and optionsXpress Australia partner for CFDs and share trading

15 Sep 2010

From CMC Markets-optionsXpress Australia

Superior education offering combined with cutting edge trading platform provides innovative investment solution

CMC Markets and optionsXpress Australia, a leading online derivatives trading firm, today announced a new partnership for CFDs and share trading that is set to transform the education and broking experience for investors.

The partnership includes the entire optionsXpress Australia family: HUBB Financial, Safety in the Market, optionsXpress and Optionetics.

optionsXpress has chosen to partner with CMC Markets because of the advanced and flexible nature of CMC Market’s Application Programming Interface (API) and wide range of investment tools and products. CMC Markets will provide optionsXpress with the flexibility to offer multiple front ends based on the needs of the individual client.

The partnership means that all optionsXpress Australia clients will automatically have access to trading solutions such as CFDs and shares, and can act on whatever trading signals are generated by optionsXpress’ state of the art Profit Source and Integrated Investor platforms encompassing signals based trading.

“This partnership expands the relationship between the Australian subsidiaries of both firms, which have been delivering unique investment opportunities for traders in Australia for several years now. The agreement we now have in place delivers on optionsXpress’ goal of making it easy for everyday investors to trade derivative products,” said John-Paul Drysdale, Managing Director of optionsXpress Australia.

“We are proud to offer CFDs to optionsXpress Australia’s traders and investors, and to be able to give our clients an important asset class as part of their plans to grow their wealth,” said Mr Drysdale.

“The appeal of working with optionsXpress is that they have a large and loyal client base, both domestically (with HUBB Financial) and overseas. The fact that optionsXpress’ clients were clearly dedicated to the company, across several continents, was a very positive sign to CMC Markets,” said Jamie Clinnick, Head of Partners (Wholesale) Australia and New Zealand at CMC Markets.

“CMC Markets is a strong advocate of trading and investment education and this partnership gives CMC Markets even stronger education options to potentially offer to its own clients, that optionsXpress can support,” said Mr Clinnick.

Tags:assets CFDs derivatives education equities futures investment managed funds online trading options shares stockbrokers warrants

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