CMC Markets Institutional, a provider of liquidity services across multiple assets, including Prime Derivatives, Prime FX, API Direct, and white label offerings, has adopted the order management system developed by Australian software company IRESS to form a key component of CMC’s new Prime Derivatives trading platform.
The integration of IRESS’s order management system in CMC’s Prime Derivatives platform will help better manage client pre-trade risk, positions, portfolios, margin, order routing, and workflow.
This complements CMC’s existing Prime FX platform and allows it to offer advanced trading capability to its institutional and professional clients, including a number of banks, brokerages, funds and dealing desks across the globe.
Glenn Wilson, Head of Wealth & Trading at IRESS, commented:
“We’re pleased to be working with CMC Markets to further enhance its proposition. By adopting our market leading trading solution, CMC Markets will be able to target institutional and professional clients with a highly capable trading offering suited to their needs. What this gives over and above the distributed trading platforms is that IRESS technology provides an open access model. This means CMC can now offer these clients FIX and API trading capability integrated directly to IRESS’ order management system.”
Richard Elston, Head of Institutional at CMC Markets, added:
Viewpoint, IRESS’ flagship online trading browser-based front-end, is also part on the package and it will allow CMC’s clients to trade over 9,000 single stock CFDs across 20 countries, with trades smart-order-routed directly to a wide range of liquidity venues.
