CMC Markets Connect updates price construction mechanism to drive down latency

  • CMC launches Spot FX product as part of multi-asset class focus
  • Updates to price feed management to improve liquidity offering for clients
  • Institutional product development to accelerate through 2021

London, June 2nd, 2021 – CMC Markets Connect, a leading global provider of institutional trading and technology solutions, has today announced the upgrade of their tech stack in order to facilitate faster price construction and increase the range of asset classes available to trade. CMC Connect clients will now have access to an additional 60+ Spot FX pairs and precious metals.

The Connect team have been looking for microsecond-level speed improvements by partnering with Quod Financial to utilise their AI/ML powered algorithms and thereby upgrade existing infrastructure. Together CMC and Quod’s technical integration in LD4 between Quod’s quoting servers & CMC’s trading engine optimises price feed management; this in turn powers CMC’s ability to provide consistently competitive pricing.

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 optimising our product suite”

In addition to our 30+ years of experience in offering CFD-backed instruments, CMC Connect will now offer clients access to Spot FX, deemed to be the global standard in FX trading. A large range spot FX pairs and precious metals are now available, marking the first of a number of product launch announcements the company expects to make in the next 12 months, focused initially on expanding their FX proposition.

CMC recognises its background as a retail brokerage and, as detailed in a recent whitepaper on the value of retail client flow, the Connect team look to leverage this experience by offering institutional clients access to Tier 1 CFD liquidity. The new technology being rolled out from today will impact both existing and new business with low-latent price discovery facilitating more competitive pricing on both the existing range of CFD instruments and the new spot FX products.

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.”

To learn more about the CMC Markets group please visit our corporate website: https://www.cmcmarketsplc.com/ or for more information on CMC Markets Connect please visit: https://www.cmcmarkets.com/en-gb/connect

Notes to Editors

CMC Markets Plc (“CMC”) was established in 1989 and is now listed on the London Stock Exchange. The company is one of the world’s leading online financial trading businesses serving retail and institutional clients through regulated offices and branches in 12 countries, with a significant presence in the UK, Australia, Germany and Singapore. CMC Markets offers an award-winning, online and mobile trading platform, enabling clients to trade over 11,000 financial instruments across shares, indices, foreign currencies, commodities and treasuries through contracts for difference (“CFDs”) and financial spread bets (in the UK and Ireland only). Clients can also trade on the short-term price movements of financial markets through Countdowns and, in Australia, access stockbroking services. CMC Markets plc’s shares are listed on the London Stock Exchange (CMCX).

For further media information, please contact:

Tony Cross
Monk Communications Ltd
Tel: +44 (0) 7973 284749
e-mail: [email protected]