CMC Markets Connect has announced an upgrade of its technology stack to facilitate SpotFX pricing. By leveraging Quod Financial’s FX Market Making expertise and its AI/ML-powered algorithms, latency across existing infrastructures has been reduced, shaving valuable microseconds off transaction times. CMC’s trading engine optimises price feed management and is delivered in a single feed for clients. The solution provides consistent competitive pricing and improves liquidity offering for clients, with access to 63+ Spot FX pairs and precious metals. At the core of its technology resides the extensive application of Quod’s shared memory communication for low latency trading, inflight data manipulation and AI/ML-powered decision making. The technical integration between Quod’s quoting servers and CMC’s trading engine optimises price feed management, powering CMC’s ability to act as a liquidity maker.Richard Elston, Group Head of Institutional at CMC Markets, said:“When outsourcing technology, we always look to partner with best-in-class providers for each project. Quod offered an excellent fit for our new SpotFX product, by enabling us to outsource the most commoditised elements of our price discovery process to them. Most notably, their Smart Order Routing (SOR) technologies have helped drive down price latency, shaving valuable microseconds from our processes.”
