CMC Markets, a leading global provider of online trading, has launched new API technology designed to meet the urgent need for reliable liquidity among financial institutions.
The API connectivity, which gives banks, brokers, funds and trading desks access to tier-one liquidity and pricing, is a key element of CMC Markets’ enhanced offering for financial institutions. The business – which has been active in the institutional market for 20 years – recently signalled its intention to strengthen its offering following its listing on the London Stock Exchange in February 2016.
CMC Markets’ sees API as a growth opportunity for the business both among its core Institutional client base and the hedge fund market. In addition to API, CMC Markets’ has a suite of institutional products, including a Grey Label solution for introducing brokers, and a White Label market counterparty solution for larger banks and brokers.
Figure 1 – How CMC Markets API technology works
Headquartered in London, the CMC Markets institutional team is currently active in 20 markets worldwide. Under the leadership of Richard Elston, who joined the business in July 2015, the strategic objective is to extend the global footprint of the business.
Elston’s immediate focus is on establishing CMC Markets’ new API connectivity across the UK, Europe, Latin America and Asia, as well as consolidating markets for Grey and White label products worldwide. Longer term, Elston plans to turn his attention to developing tailored propositions for asset managers and hedge funds.
Richard Elston Head of Institutional at CMC Markets commented: “Technological advances and a real shortage of mid-market liquidity has created a genuine opportunity in the institutional market. With over 25 years of trading excellence, a listing on London Stock Exchange and a range of award winning trading technology that has been specifically developed to meet the needs of the institutional market, CMC Markets is in a clear position to meet this need.”
The CMC Markets Institutional team will be attending the IFX Expo on 25th and 26th May to showcase its new product suite and discuss future plans.