|[April 09, 2014]
CMC Markets Selects smartTrade's LiquidityFX for Its Aggregation and Order Routing Service
LONDON & PARIS & AIX EN PROVENCE, France --(Business Wire)--
Technologies, the leader in cross-asset liquidity management
software and solutions, announces
today that CMC
Markets, one of the leading providers of FX, CFD trading and spread
betting has selected LiquidityFX™,
smartTrade's FX trading solution for FX and precious metals. CMC Markets
selected smartTrade for its unique no brokerage fee model and cloud
based service which takes advantage of being globally co-located with
Thanks to the next generation aggregation and intelligent smart order
routing capability of LiquidityFX,
CMC Markets benefits from true direct market access to selected
Liquidity Providers and ECNs, without the spread distorting impact of
liquidity fees (smartTrade does not charge Liquidity Providers). CMC
Markets' traders can trade in a fully disclosed bilateral manner through
the LiquidityFX API or UI, with a range of passive or aggressive order
types. smartTrade's solutions are proven to both enhance hit ratios and
reduce execution latency, thus enhancing efficiency and revenue of CMC
Markets' trading activity.
Hosted in Equinix's (News - Alert) data centres in New York, Tokyo and London, LiquidityFX
drastically reduces time-to-market to roll out a sophisticated FX
trading system. smartTrade's cloud based offering enables banks and
brokers to control IT expenditure, thanks to both the flat fee structure
and the outsourcing of maintenance to a dedicated smartTrade's 24/7
global support team.
Greg Niebank, Group Head of Product at CMC
Markets says, "We have seen tighter spreads and improved fill
ratios thanks to the no brokerage fee model offered by smartTrade and
the benefit of being cross-connected to our liquidity providers.
Additionally, the smartTrade solution has significantly simplified our
infrastructure, allowing us to respond to changes in the market
environment much more quickly.
Vincent, Chief Executive Officer of smartTrade
Technologies says: "smartTrade is a pioneer in transparent
technology with volume agnostic fees and a wide range of innovative
functionality to offer both traders and their clients alike. We are very
pleased to support CMC Markets in growing their FX and precious metals
trading activity by using our best of breed technology. Our easy-to-use
trading front-ends and APIs allowed them to be up and running in weeks ,
giving CMC Markets an important step ahead in the FX market. We look
forward to accompanying CMC Markets in its growth."
Founded in 1999, smartTrade
provides sophisticated Liquidity
Management Systems, enabling banks to develop multi-asset dealing
platforms that aggregate liquidity from dozens of sources to create a
single order book, distribute customised pricing to clients, receive and
manage client order flow, internalise liquidity and/or route it to
external venues regardless of messaging protocols. The system handles
multiple asset classes and is in production globally.
is an extensive trading system for spot FX, swaps, NDF and precious
metals. With no volume-based fees, the platform gathers the functions of
aggregation, smart order routing, pricing and distribution, order and
risk management. smartTrade offers one of the deepest connectivity
stacks with more than 40 providers composed of banks and ECNs. www.smart-trade.net.
About CMC Markets
Markets is a leading global provider of financial spread betting,
CFD and FX trading. Since Peter Cruddas founded CMC Markets in 1989, the
company now has offices in London, Paris, Milan, Madrid, Frankfurt,
Oslo, Stockholm, Sydney, Toronto, Auckland and Singapore. CMC Markets
represents clients in almost 100 countries. CMC Markets UK Plc and CMC
Spreadbet Plc (collectively known as CMC Markets) are authorized and
regulated in the UK by the Financial Conduct Authority. For further
information on CMC Markets, visit www.cmcmarkets.co.uk.
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