CMC Markets London strengthens institutional team

CMC Markets has appointed Ross Newell as Business Development Manager, the company having expanded in recent years to deliver a comprehensive multi-asset solution that includes CMC Markets Prime Derivatives. Mr Newell has positions at AETOS, AxiCorp, GFT and FIXI behind him

LSE earnings strong ahead of merger and ‘Brexit’

CMC Markets Institutional, a leading provider of liquidity and white label trading solutions, has announced the appointment of Ross Newell as Business Development Manager, Institutional Business, to the company’s London office.

Ross brings with him almost 15 years of financial services experience and is well known throughout the European institutional foreign exchange and CFD market.

Having worked with some of the biggest brokerages in London, Ross is highly regarded for his knowledge of institutional foreign exchange and derivative product solutions.

In his new role with CMC Markets, Ross will be working closely with institutional clients across Europe, ensuring that they receive tailored liquidity solutions and are also fully aware of the benefits of CMC Markets’ institutional-level online trading technology.

This provision has been expanded in recent years to deliver a comprehensive multi-asset solution that includes CMC Markets Prime Derivatives, which provides access to trade almost 9,000 single stock CFDs.

Richard Elston, Head of Institutional at CMC Markets, commented:

“Ross joins the London office at an exciting time for the business. With our market-leading multi-asset offering, CMC Markets is seeing increased demand from those institutions looking for a single counterparty to meet all their trading needs. We look forward to working with Ross as he helps us continue to grow our presence in this field.”

Ross will work with CMC Markets Institutional to deliver three specific solutions to the market:

  • the comprehensive suite of multi-asset liquidity services based around an Application Program Interface (API), designed to meet the urgent need for reliable liquidity among financial institutions such as broker aggregators, banks, proprietary trading firms and the hedge fund market.
  • white label market counterparty solution for larger banks and regulated financial institutions; and
  • grey label for mid-to-small sized brokers.

Read this next

Digital Assets

Solana-powered game DeFi Land launches Play-and-Earn features

The Play-and-Earn mechanics announcement comes on the heels of a collab between DeFi Land and STEPN. DeFi Land will soon announce chain integrations, an alpha mobile version, and a multichain feature. 

Retail FX

Spotware rolls out Manager’s API for cTrader brokers

Spotware Systems, a technology provider for the electronic trading industry, has released its new Manager’s API for Brokers, providing powerful tools for server-server integration.

Metaverse Gaming NFT

Dubai Museum taps Binance to jump onto NFT bandwagon

Dubai’s Museum of the Future, the $136 million UAE government-sponsored museum that opened a few weeks ago, is joining forces with Binance NFT to roll out a range of digital products on blockchain.

Digital Assets

Ripple and Lithuanian FINCI partner for XRP-based payments

Ripple is looking to expand its presence in Europe, forming a new partnership with Lithuanian electronic money institution FINCI.

Digital Assets

Crypto.com enables Shopify merchants to accept crypto payments

Crypto.com has integrated with Canadian e-commerce giant Shopify so global merchants can accept crypto payments and save on processing fees through cash-final settlements.

Institutional FX

FX volume drops 13pct at CLS Group in April 2022

FX settlement specialist CLS Group today reported that the executed volumes of currency trading on its platforms were notably down in April.

Crypto Insider, Opinion

Regulation: The Gold-Standard for Crypto-Assets

When the US supervisory authority SEC allowed an investment product referencing Bitcoin futures to be traded for the first time last October, this was widely perceived as a signal that cryptocurrencies had finally become established as an asset class.

Executive Moves

Solid hires FX industry veteran Darren Barker for multi-bank ECN’s business development

His curriculum vitae includes former roles at Cantor Fitzgerald, Sucden Financial, R.J. O’Brien, Jefferies, Natixis, Unicredit, J.P. Morgan, Raiffeisen, RBS International, UBS, Deutsche Bank, and Citi. 

Inside View

Mihails Safro, xpate CEO: Tips sellers need to know to overcome compliance obstacles

The unprecedented growth of e-commerce changed shopping dramatically last year. Many sellers suddenly faced a rapidly growing number of customers who had to stay home during the lockdown. When some clients adopted Netflix and Spotify as part of a daily routine, others ventured into online business. Robinhood alone saw a whopping 6 million rise in user numbers in 2 months. 

<