CMC Markets Connect Updates Pricing Mechanism to Reduce Latency

CMC Markets Connect, a company that provides a variety of retail and institutional trading and technology solutions, has announced that it has upgraded its technology platform to improve liquidity, speed as well as the ability to add additional instruments.

The platform already features the new instruments that have been added and these include more than 60 instruments across FX, metals, and commodities. The broker had been working on bringing in technology to improve the latency to deliver the best-in-class pricing and speed for its users and for that end, it has tied up with Quod Financial to utilize their AI-powered solutions and algorithms and bring in technological upgrades to their platform.

The platform has been focussing on institutions and with volatility being the key, the company has been adding crypto to its offerings as they have very high volatility. The company had also recently smoothly onboarded a major client earning appreciation all around for the speed and professionalism.

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 optimizing our product suite”

CMC and Quod have integrated the Quod solutions to the trading engine of CMC in London LD4 and this has helped in price feed management which has, in turn, helped in better pricing for a variety of instruments, the company said.

CMC has also introduced spot trading for many FX instruments and it would be looking to add more instruments for spot trading in the coming months.

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.”

The company has been quite well known as a reliable broker for retail traders and the company plans to utilize its vast experience in this field and translate it into its institutional arm which it launched at the beginning of 2021. The company hopes to grow this branch of its brokerage and the coming months would be utilized for upgrades to the infrastructure and features that would be tuned towards serving the institutional clients. Their focus on institutions was also evident recently as they created Signature share baskets CFDs for such clients using high-end RRG technology.

The major upgrades would lead to better liquidity and better price discovery which would help to give better pricing for both retail and institutional clients, the company said.