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.”