CMC Markets Connect ties up with Quod to improve price discovery and reduce latency

Karthik Subramanian

CMC Markets Connect, a financial services company serving retail and institutional clients with a variety of trading and technology solutions, has announced that it has upgraded its technology platform with a partnership with Quod Financial to improve liquidity, speed as well as price discovery.

The platform has also added additional instruments and these include more than 60 instruments across FX, metals, and commodities. The company has also been upgrading its infrastructure to improve latency and provide better pricing for its retail and institutional clients and for that, it has tied up with Quod Financial to utilize its AI-powered solutions and algorithms and bring in technological upgrades to its platform.

The platform has been mainly focussing its sales and infrastructure improvement efforts to cater to the institutions and for them, like others, volatility is the key, and so the company has been adding crypto to its offerings as they offer very high volatility. It has been known to onboard large companies as clients into their platform regularly in a smooth manner which has helped it to receive all-round appreciation from its clients.

Richard Elston, Group Head of Institutional at CMC Markets; “In response to the demands of our expanding institutional client book we have upgraded our technology stack to allow for faster price construction across a wider range of asset classes. Today’s announcement comes following the launch of our dedicated institutional brand at the start of 2021 and acts to support our shift to an ‘institutional first approach to developing and optimizing our product suite”

CMC and Quod have worked together on the integration of the solutions into the trading engine of CMC in London LD4 which has meant that pricing discovery and management has improved and become more stable and reliable as well as giving tighter pricing for its clients across all instruments, the company said.

David Fineberg, Deputy CEO at CMC Markets added; “This year we’ve set ourselves ambitious growth targets for the B2B arm of our business which we plan to achieve by  servicing the needs of a greater range of institutional client types and their respective trading strategies.”

CMC has also introduced spot trading for many FX instruments and it would be looking into additional instruments for spot trading in the coming months.

The company hopes to translate its success on the retail side of the brokerage into the institutional side as well and for that, the coming months would be key as the company would be focussing on upgrading its infrastructure and add more features that would be attractive to the institutional clients. Their focus on institutions was also evident recently as they created Signature share baskets CFDs for such clients using high-end RRG technology.

The major upgrades would lead to better liquidity and better price discovery which would help to give better pricing for both retail and institutional clients, the company said.

 

Read this next

Metaverse Gaming NFT

DCentral Miami brings together all of Web3, NFT, DeFi, Metaverse

The world’s biggest Web3 meeting entitled DCENTRAL Miami is set to take place November 28-29, featuring a lineup of some of the biggest and most influential names in the blockchain space.

Digital Assets

Crypto ban expands across UK banks as Starling joins ‎crackdown

UK digital bank Starling has banned ‎all customer payments related to cryptocurrencies, another blow for the crypto traders ‎who recently saw a sizable number of banks deciding not to ‎finance the wobbly asset class.‎

Interviews

Markets Direct at FIA EXPO 2022: Traders know what they want from brokers

The FIA Expo 2022, one of the most prestigious events within the global derivatives trading industry, took place in Chicago on 14 & 15 November.

Interviews

FIA Expo 2022: TNS addresses public cloud limitations with hybrid infrastructure

November is the month of the FIA Expo, one of the largest futures and options conferences in the world, bringing together regulators, exchanges, software vendors, and brokers in one place: the Sheraton Grand Chicago Riverwalk. 

Retail FX

Italy’s regulator blacks out Finance CapitalFX, MFCapitalFX

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

Retail FX

Suspected leader of Honk Kong ramp-and-dump scam appears in court

A leader of a sophisticated ramp-and-dump scheme made his first court appearance in a Hong Kong court today, charged with market manipulation and various criminal offences. The case stems from an earlier joint operation of Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), and the local police. 

Institutional FX

Cboe’s James Arrante discusses growing demand for fixed income, FX algo

We caught up with James Arrante, senior director of FX & US treasuries product and business management at Cboe Global Markets, to uncover emerging trends in the FX and fixed income markets and learn more about the bourse operator’s recent initiatives.

Retail FX

Eurotrader acquires UK broker Petra Asset Management

Eurotrader Group has formally entered into the UK market with the acquisition of FCA-regulated broker, previously named Petra Asset Management Ltd. The new entity operates under the brand name Eurotrade Capital Ltd.

Inside View, Retail FX

The Game of Chess Continues – OPEC, China and the Oil Market

Over the past decade, the US has been complaining about the amount of power which the BRIC group, and specifically China, has on the global economy. BRIC stands for Brazil, Russia, India and China; these were the world’s fastest growing economies. Only in the past 10 months, the US has turned their attention toward OPEC due to the prices of fuel. Nevertheless, China seems to have a strong influence even over the price of crude oil.

<