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CMC Markets responds to institutional demand; serves up Spread Bet API plug-in

Andrew Saks-McLeod, Head of Research and Analysis, ETX Capital

Furthering the comprehensive solution provided by a company with vast expertise this particular sector, CMC Markets’ Spread Bet API provides access to the firm’s market leading CFD liquidity and FX product suite, delivering a multi-asset solution from a single counterparty

CMC Markets (“CMC”), a leading global provider of online trading, has today launched its native Spread Bet Application Programming Interface (API). This gives other institutions the ability to quote a ‘pounds per point’ price on any Index, Commodity, Treasury or Forex instrument that CMC offers, in a seamless manner.

CMC first offered institutions access to its services on a white label basis in the 1990s and the available product suite has been growing ever since. This native API for ICT and FX spread bets has been developed in direct response to customer demand, providing a comprehensive one-stop shop for the industry.

Richard Elston, Head of Institutional at CMC, commented:

“Our institutional counterparties have been asking – with growing frequency – for the ability to fully embed our popular spread bet product suite on their own platforms. This native spread bet dealing application means a simple plug-in can now generate pound-per-point pricing. The innovation allows those institutions who work with us to present spread bet dealing functionality in exactly the format that their clients would expect to see it.”

Institutional counterparties have the option to deploy this API over the same channels as any other solution – either directly with CMC or by routing via the popular third party fintech provider Gold-i.

The Spread Bet API complements the Direct Feed API, which provides access to CMC’s market leading CFD liquidity and FX product suite, delivering a comprehensive multi-asset solution from a single counterparty.

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