Welcome!

News Feed Item

CMC Markets Selects smartTrade’s LiquidityFX for Its Aggregation and Order Routing Service

smartTrade 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 Liquidity Providers.

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 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.

David 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.”

About smartTrade

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.

smartTrade’s LiquidityFX 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

CMC 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.

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In IT, we sometimes coin terms for things before we know exactly what they are and how they’ll be used. The resulting terms may capture a common set of aspirations and goals – as “cloud” did broadly for on-demand, self-service, and flexible computing. But such a term can also lump together diverse and even competing practices, technologies, and priorities to the point where important distinctions are glossed over and lost.
Video experiences should be unique and exciting! But that doesn’t mean you need to patch all the pieces yourself. Users demand rich and engaging experiences and new ways to connect with you. But creating robust video applications at scale can be complicated, time-consuming and expensive. In his session at @ThingsExpo, Zohar Babin, Vice President of Platform, Ecosystem and Community at Kaltura, discussed how VPaaS enables you to move fast, creating scalable video experiences that reach your aud...
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of Soli...
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
An IoT product’s log files speak volumes about what’s happening with your products in the field, pinpointing current and potential issues, and enabling you to predict failures and save millions of dollars in inventory. But until recently, no one knew how to listen. In his session at @ThingsExpo, Dan Gettens, Chief Research Officer at OnProcess, discussed recent research by Massachusetts Institute of Technology and OnProcess Technology, where MIT created a new, breakthrough analytics model for ...
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effici...
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
In this strange new world where more and more power is drawn from business technology, companies are effectively straddling two paths on the road to innovation and transformation into digital enterprises. The first path is the heritage trail – with “legacy” technology forming the background. Here, extant technologies are transformed by core IT teams to provide more API-driven approaches. Legacy systems can restrict companies that are transitioning into digital enterprises. To truly become a lead...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
"MathFreeOn.com is a line coding platform for engineers and scientists. When they want to solve an engineering problem and they have to use software - they have to pay a lot of money for licenses - but with MathFreeOn you don't have to pay a lot of money. Just go to our site and write the code and you can check the result right away," explained Simon Lee, CMO of MathFreeOn, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Cla...
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, contrasted how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He showed how the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He also demoed building immutable pipelines in the cloud ...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...