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.

 

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