CMC Markets has partnered with Revolut to enable connectivity between the two via multiple APIs, with the user interface delivered directly via the Revolut app whilst trading, pricing, account systems, execution, and clearing are provided by CMC.
The online trading giant establishes connectivity with a global institutional client base of banks, brokerages, funds and dealing desks through CMC Markets Connect. Through a single connection, CMC clients have access to multiple asset classes worldwide allowing them to seamlessly execute their chosen strategy and increase revenue potential.
“Current expectations are that Revolut will launch to its customers imminently”
Lord Cruddas, CEO of CMC Markets, commented: “The partnership facilitates back-to-back trading with Revolut, along with a complete back-end integration, providing their customers with access to the CMC Markets Connect trading universe. FX, Index, Commodities, Treasuries and Equity CFDs will be offered initially, with the ability to support other asset classes in the future as the relationship develops and matures. I would like to thank the Revolut team for their trust and faith in our technology and team.
“This important partnership reinforces CMC’s position as a market leader and innovator in the B2B fintech space. It illustrates how CMC can fully support institutions looking to offer financial products with a full technology and trading infrastructure. Current expectations are that Revolut will launch to its customers imminently.”
A Revolut spokesperson noted that the global neobank works with a wide range of FinTech providers to ensure customers have access to best-in-class solutions for their investing needs.
CMC Markets now features US and UK cash equities
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, CMC Markets introduced UK cash equities in early 2024, followed by a variety of other global markets.
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.
The London-based trading provider has set ambitious growth targets for their B2B arm of business which CMC expects to achieve by catering to a greater range of institutional client types and their respective trading strategies.
CMC Markets Connect linked to Lucera’s LumeFX
It was last year that CMC Markets Connect went live with Lucera’s LumeFX product suite to bolster its existing in-house FIX connectivity offering for FX. The partnership allows the provider of liquidity and white-label trading solutions to rapidly scale its wholesale non-bank FX market-making business.
LumeFX offers control over liquidity pools, price aggregation, distribution, and order routing
LumeFX is an aggregator that offers latency execution and expansive connectivity to the FX market. The solution allows for flexible control over liquidity pools, price aggregation, distribution, and order routing while responding to pre-set risk limits automatically.
The platform is fully managed, so there is no software to install or infrastructure to manage. Also, there are no API integrations to maintain or complete, allowing brokers to focus on generating new business. The software also comes with quantitative analysis that allows its operators to optimize and grow trading for the benefit of all counterparties. The software is co-located in NY4, LD4, TY3, and CH2. The matching engine is unique as each client runs their instance, thereby removing any single point of failure.
