New institutional product: CMC Markets launches Prime Derivatives solution - FinanceFeeds

New institutional product: CMC Markets launches Prime Derivatives solution

“Our clients have been asking us to give them the ability to access additional asset classes, so with this in mind we have been developing our new CMC Prime Derivatives platform” – Richard Elston Head of Institutional, CMC Markets

In some of the regions of the world in which the retail FX industry is at its most developed, and in which large, long-established and often publicly listed giants sit at very much the same table as the institutional partners which punctuate the most important global financial centers, it is of great importance for companies with a firm and established experience in the retail electronic trading sector to continue to define and provide an institutional product to global partners.

Richard Elston. Head of Institutional, CMC Markets

Evergreen British CFD and FX company CMC Markets has been doing exactly that for the past two years, with an evolutionary approach to expanding its institutional and prime of prime product range, alongside its proprietary trading system that has been the result of a $100 million R&D investment by the company.

Today, FinanceFeeds spoke to CMC Markets with regard to the company’s latest development, which builds upon its institutional solution, and represents an expansion of the product range available to banks and brokerages who want wholesale access to the company’s highly regarded in-house technology. With the CMC Prime FX API having been launched earlier this year to augment the traditional Direct API product, the company is preparing to launch its next institutional product, that being CMC Prime Derivatives.

Richard Elston, Head of Institutional at CMC Markets today explained “Our clients have been asking us to give them the ability to access additional asset classes, so with this in mind we have been developing our new CMC Prime Derivatives platform. This will allow our institutional counterparties to directly access an extended range of instruments, all from a single provider.”

When fully deployed, the CMC Prime Derivatives platform will allow clients to trade CFDs on global single stocks and on listed derivatives.

Just two months ago, as part of CMC Markets’ specialist remit to uniquely provide CFD pricing on an institutional basis, the company entered into a strategic partnership with FlexTrade, a company whose FX execution management system accesses more than 70 liquidity providers.

In terms of liquidity distribution and institutional services, it is London’s long established stalwarts that continue to provide a holistic retail and institutional combination.

 

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