CMC Connect expands offerings with cash equities

abdelaziz Fathi

CMC Connect, the institutional business arm of UK’s biggest spread better, has expanded its service offerings by introducing cash equities to its institutional clients.

The company, which provides liquidity and white label trading solutions, said the official release follows an internal testing program. The process culminated in the offering of over 5,000 instruments, including single stocks and Exchange-Traded Funds (ETFs), on the CMC Connect platform. This addition complements the existing range of Contracts for Difference (CFD) and Spot FX offerings from CMC Connect.

Acting as a principal in trading cash products, CMC Markets UK leverages its proprietary technology to support both full and partial fills, automating the process for its clients. The platform has been designed to manage working orders, adapting to the flow and dynamics of the market in real time. After the successful rollout of US cash equities, the company plans to introduce UK cash equities in early 2024, followed by a variety of other global markets.

CMC Connect is known for providing tailored liquidity solutions to a diverse global institutional clientele, including banks, brokerages, funds, and dealing desks. With a single connection to CMC Connect, clients gain access to multiple asset classes around the world, enabling them to execute their strategies efficiently and expand revenue streams.

Kim Ljung Andersen, Head of Institutional Product Solutions at CMC Connect, commented: “This launch marks another significant milestone for CMC Connect as we look to build out our multi-asset, multi-currency functionality for clients of all sizes. The addition of cash instruments has been proving invaluable as we look to grow the number of institutions, we provide liquidity solutions for. Further equities and additional asset classes will be added to the platform in the New Year.”

Richard Elston, Group Head of Institutional, CMC Connect, added: “As we look to grow our footprint further, the demand from counterparties for extending the product range is clear. The strength of our technology along with our operational abilities has allowed us to deliver yet another institutional grade solution, whilst our development timelines will result in further significant innovations being seen in the years ahead.”Top of Form

This launch also marks another expansion into the market by a UK-based liquidity provider, which is an exciting development for the asset class that offers low-cost diversification and arbitrage options for investors. With typical FCA diligence, CMC Connect should have ticked all of the boxes in the design and implementation of its offering.

The London-based trading provider has set ambitious growth targets for their B2B arm of business which CMC expect to achieve by catering to a greater range of institutional client types and their respective trading strategies.

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