“The move puts the CMC Prime product array in easy reach of hundreds of financial institutions from across the globe, by allowing them to leverage their existing technology partnerships and transact with us in a way that requires limited additional resources.”
CMC Connect has announced the integration of its CMC Prime service into the Iress platform, offering seamless access for institutions and professional individuals looking to trade thousands of single stock CFDs listed by CMC Connect on a direct market access basis, covering 20 exchanges across Europe, Asia, and the Americas.
The provider of liquidity and white-label trading solutions further added that position monitoring and cash management are conducted on CMC’s proprietary trading platform, now supported by the Iress Order Management System to enable direct market access.
STP access to CMC’s single stock CFD portfolio
Iress Viewpoint and Iress Pro are currently connected to more than a thousand institutions globally. Straight-through access to CMC’s single stock CFD portfolio is now available to any of these counterparties, subject to their completion of the standard CMC onboarding process.
CMC Connect offers a one-stop-shop proposition for institutional counterparties and professional traders from across the globe to access the widest possible range of asset classes.
Debbie Kaye, UK head of trading at Iress, commented: “We’re thrilled to be able to provide CMC clients with direct access to the world’s markets, as well as the capability to monitor positions in real-time. It means that their users can now trade CFDs with CMC through a single platform, greatly improving the user experience and making the trading lifecycle far more efficient.”
Richard Elston, Group Head of Institutional at CMC Connect, said: “We are delighted to have completed this landmark integration with Iress. The move puts the CMC Prime product array in easy reach of hundreds of financial institutions from across the globe, by allowing them to leverage their existing technology partnerships and transact with us in a way that requires limited additional resources.”
Earlier this week, Iress announced the appointment of John Parker as the new Head of Business Development for its UK Wealth division. Parker, an FCA-registered adviser, will focus on boosting customer growth, aligning product development with customer needs, and fostering partnerships with advice firms to advance technology use in the sector.
The move followed a strategic alliance designed to enhance trading and market connectivity in the UK that improves conditions for retail brokers and wealth managers. Iress partnered with Broadridge for a joint offering that combines Broadridge’s Order Management System (OMS) and its market-making platform, Tbricks, with the Iress Retail Service Provider (RSP) network. This integrated solution aims to streamline order management, ramp up market connectivity, and offer real-time data analytics while enhancing compliance measures.
