CMC Markets Connect goes live with Lucera’s LumeFX to bolster in-house FIX connectivity
“We continue to expand our extensive network of fix connectivity partners, allowing us to rapidly scale our wholesale non-bank FX market-making business. By partnering with Lucera, our liquidity offering is now available in the vast majority of places where our current and future clients might wish to meet us.”
CMC Markets Connect has gone live with Lucera’s LumeFX product suite to bolster its existing in-house FIX connectivity offering for FX.
The partnership between the institutional arm of CMC Markets with Lucera Financial Infrastructures LLC will allow 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.
Lucera has been gaining traction within the FX industry, with other highly regarded brokerages such as Equiti Capital and ATFX Connect also utilizing the LumeFX solution.
“Our liquidity offering is now available in the vast majority of places”
Sam Horowitz, Head of FX Distribution and Liquidity Management at CMC Connect commented: “We continue to expand our extensive network of fix connectivity partners, allowing us to rapidly scale our wholesale non-bank FX market-making business. By partnering with Lucera, our liquidity offering is now available in the vast majority of places where our current and future clients might wish to meet us.”
Peter Durkan, CEO at Lucera Financial Infrastructures LLC, commented: “We are thrilled to announce that Lucera Financial Infrastructures LLC has partnered with CMC Markets, a globally recognized financial services provider. This strategic collaboration is a testament to the cutting-edge technology and world-class financial infrastructure solutions that Lucera offers, coupled with CMC Markets’ unwavering commitment to delivering exceptional trading experiences for their clients. By leveraging our state-of-the-art trading infrastructure and high-performance connectivity, CMC Markets can confidently enhance their trading capabilities and provide clients with unparalleled market access and execution speeds. Our cutting-edge technology and robust network architecture ensure that CMC Markets can focus on delivering exceptional services while maintaining the utmost level of security and performance.”
CMC Markets is one of the world’s leading online financial trading businesses serving retail and institutional clients through regulated offices and branches in 14 countries, with a significant presence in the UK, Australia, Germany, and Singapore.
The company enables clients to trade almost 10,000 financial instruments across shares, indices, foreign currencies, commodities, and treasuries through contracts for difference (“CFDs”) and financial spread bets (in the UK and Ireland only).
