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

Market News

USDJPY has surged to levels last witnessed in 2022. Should we consider opening a short position?

The recent resurgence of the US dollar has propelled USD/JPY to new heights, touching levels not seen since 2022. This surge comes against the backdrop of stable short-term yields and ongoing economic data that fails to signal a significant slowdown, prompting questions about the extent of current monetary easing measures.

Digital Assets

DED Trends on Twitter After Memecoin Snapshot Announcement

Polkadot-backed community coin #DED, made it to the trending charts on X, demonstrating community’s engagement and interest behind the memecoin. 

Digital Assets

BlockDAG Presale Nears $10 Million Amid Toncoin’s Momentum, Green Bitcoin’s Presale, and the Rise of Other Top Cryptos

This article will examine three top trending topics: Toncoin’s potential, Green Bitcoin’s innovative presale, and BlockDAG’s sustainable mining approach. These cryptocurrencies take centre stage for their uniqueness and innovation.

Digital Assets

Coinbase scores minor victory vs SEC, but lawsuit to proceed

A federal judge in Manhattan, U.S. District Judge Katherine Polk Failla, ruled on Wednesday that the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Coinbase can largely proceed.

Web3

COTI Teams Up with Civic for Enhanced Digital Identity Control

СOTI and Civic are teaming up to enhance digital identity security in Web3, aiming to provide users with more control over their digital selves through innovative technology.

Digital Assets

BlockDAG Takes on Chainlink (LINK) Crypto, and RON With DeFi Card and 5000x Profit Potential

Explore BlockDAG’s innovative DeFi card, which transforms cryptocurrency into spendable cash, alongside Chainlink (LINK) crypto and Ronin’s advancements.

Digital Assets

Court finally decides on Sam Bankman-Fried sentence, experts predict 20 years

Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, is set to face sentencing on Thursday in a pivotal moment that could see the entrepreneur beginning a lengthy period in federal prison.

Crypto Insider

DeFi Winter Thaws: A Look at the Emerging Landscape

The past year has seen a significant shift in the Decentralized Finance (DeFi) market, transitioning from a period of decline (“DeFi winter”) to a potential season of growth.

Digital Assets

KuCoin announces $10 million airdrop as users withdraw $1.2 billion

KuCoin – the fourth-largest crypto exchange in the world by trading volume – today announced plans to distribute $10 million worth of Bitcoin and its native KCS token via an airdrop event.

<