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SYS-CON MEDIA Authors: Elizabeth White, Carmen Gonzalez, Pat Romanski, Liz McMillan, AppDynamics Blog

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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.

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