Press releases

Rivkin Securities selects CMC Markets for integrated online share and CFD trading platform

Sydney - 18 November, 2009

Independent online broker CMC Markets today announced an expansion of its relationship with Rivkin Securities, which will see Rivkin adding Direct Market Access (DMA) and Over-The-Counter (OTC) Contracts for Difference (CFD) as well as FX, indices and commodities to its existing shares offering.

In 2008, CMC Markets and Rivkin Securities entered an initial relationship to provide online share trading to Rivkin Securities clients.

"Rivkin has its own dealing and administration staff, but beyond that we rely on a quality broker to stand behind us. We've been extremely impressed with CMC Markets – not only with their products and technological capabilities, but also with their top quality partner service and support, which we've found nowhere else," said Scott Schuberg, Managing Director at Rivkin Securities.

The Rivkin Securities business has grown substantially in recent months (by 61% in the last three months alone) and Mr. Schuberg said the new deal was in response to Rivkin clients demanding a much wider range of trading instruments.

"We chose to partner with CMC Markets because they're the only provider in the market who can supply the technology platform that encompasses all the products that we require – shares, DMA CFD, OTC CFD, FX, Indices and commodities – under one platform and under our brand," Mr. Schuberg added.

"We will be able to confidently offer a suite of top-tier products and services while maintaining our client relationships. It's a great result for us," Mr Schuberg said.

The partnership follows the recent announcement of a similar alliance between CMC Markets and Suncorp, which involves CMC Markets providing online share-trading services to over 13,500 of the bank's investors. CMC Markets' wholesale stockbroking business has grown strongly since the acquisition of Andrew West Stockbrokers in 2008.

Barry Odes, Head of CMC Markets Australia and New Zealand, said: "We feel this integrated offering will be an attractive proposition to a number of organisations and we look forward to providing Rivkin Securities with this expanded range of trading options.

"We're confident our technological capabilities, our independence and flexibility will create further opportunities as we build more alliances with top quality partners such as Rivkin Securities. This is a key component of our growth strategy," Mr Odes said.

About Rivkin Securities

Rivkin Securities is a licensed dealer of securities and derivatives, providing high-quality, low-cost equity, options and CFD dealing services to its clients, online and over the phone. Rivkin phone dealers focus on personalised client service for small, medium and sophisticated investors.

Rivkin combines recommendations from The Rivkin Report and discount services from Rivkin Securities to enable all levels of investors—including self-managed super fund investors—to manage their own money without paying a percentage of their assets in financial advisor or funds management fees.

About CMC Markets

CMC Markets, a leading independent online broker, offers a range of investment products and investment tools including shares, Contracts for Difference (CFDs), options, listed managed investments, warrants, interest rate securities and managed funds.

CMC Markets is a pioneer of CFD trading in Australia and the leading provider of CFDs globally, with a strong focus on empowering and educating investors. With offices in London, Frankfurt, Dublin, Madrid, Sweden, Vienna, Sydney, Melbourne, Brisbane, Tokyo, Toronto, Beijing, Auckland, and Singapore, CMC Markets represents clients in over 70 countries. The company was founded in 1989 and is authorised and regulated by ASIC in Australia. CMC Markets Stockbroking has more than 10 years of experience servicing Australian investors and is a participant of the ASX Group.

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