CMC Markets integrates with FlexTrade
CMC Markets has integrated with FlexTrade Systems to enable the wider dissemination of its proprietary CFD liquidity.
FlexTrade is recognised as the global leader in high performance execution management systems for equities, foreign exchange, options, futures and fixed income products.
Dissemination of foreign exchange liquidity is a rapidly expanding market, as seen with the growth of so-called ‘prime-of-prime’ services. However, few counterparties are currently offering anything similar when it comes to CFDs.
“We already offer multi-asset API feeds to institutional counterparties which allows them to plug into our tier-one liquidity using FIX protocol and other popular fintech solutions, but we see providing access to this flow using a broker-neutral execution management trading system as a valuable extension of the service.”
“The easier we can make it for other providers to access our liquidity, the more efficient our own market will become,” commented Richard Elston, Head of Institutional at CMC Markets.
As a pioneer in its field, FlexTrade is internationally recognised for introducing FlexTRADER, the world’s first broker-neutral, execution management trading system, which allows clients to completely control and customise their proprietary algorithms while maintaining the confidentiality of their trading strategies.
Manish Kedia, Head of FX solutions at FlexTrade, commented:
“We are delighted to partner with CMC as a CFD liquidity provider. Combining their services with our own innovative technology provides clients with a comprehensive and market-leading brokerage solution for FX, Precious Metals and CFD.”
Whilst CMC Markets’ CFDs aren’t available as a default to all FlexTrade clients, those liquidity takers who are interested in trading the company’s 85 Indices, Commodities and Treasuries (ICT) CFDs can now request to have access to this innovative service.