About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

CMC Markets Adopts SmartTrade’s LiquidityFX Managed Service

Subscribe to our newsletter

CMC Markets, a provider of spread betting, foreign exchange and contracts for difference trading, has selected smartTrade Technologies’ LiquidityFX trading solution for FX and precious metals on the basis of its no brokerage fee model, delivery as a cloud-based managed service and collocation with liquidity providers across Equinix data centres in New York, Tokyo and London.

The broker used smartTrade’s trading front-end and open application programming interfaces to be up and running with LiquidityFX in weeks, and is using the software to support aggregation and order routing. Greg Niebank, group head of products at CMC Markets, says: “We are seeing seen tighter spreads and improved fill ratios thanks to the no brokerage fee model offered by smartTrade. We are also seeing the benefits of being cross-connected to our liquidity providers. The smartTrade solution has also simplified our infrastructure, allowing us to respond to changes in the market environment more quickly.”

David Vincent, CEO at smartTrade Technologies, adds: “Using LiquidityFX, CMC Markets will have enhanced hit ratios and reduced execution latency leading to additional revenue and profitability. CMC Markets has chosen a low risk soution as the software is tried, tested and in production in many FX trading organisations. The company has also entrusted smartTrade to provide and run the complete solution as a service for a low predictable cost, allowing it to concentrate on running its business.”

CMC Markets is one of many Tier 1 and Tier 2 banks, brokers and dealers using LiquidityFX, which has a modular structure that allows users to cover specific initial requirements and later extend use of the software to cover additional functionality and capacity.

Building on this structure, Vincent describes smartTrade’s roadmap for LiquidityFX, saying: “Our roadmap is very rich and tied to the industry. For instance, we are currently adding specific reports for regulatory purposes that will provide greater transparency around transaction cost analysis and market impact analysis. We are also bringing a more sophisticated execution methodology to the platform as FX trading is becoming more mature. An interesting trend we are seeing is the need to bring fixed income and FX solutions together. With this in mind, we are working with clients in the fixed income space to develop LiquidityFX to support swap execution facilities aggregation and meet fixed income market requirements.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Enhancing trader efficiency with interoperability – Innovative solutions for automated and streamlined trader desktop and workflows

Traders today are expected to navigate increasingly complex markets using workflows that often lag behind the pace of change. Disconnected systems, manual processes, and fragmented user experiences create hidden inefficiencies that directly impact performance and risk management. Firms that can streamline and modernise the trader desktop are gaining a tangible edge – both in speed...

BLOG

Modern Data Platforms Empower Critical Use Cases: Webinar Preview

No longer is it enough for financial institutions to be simply “on top” of their data management architecture. They need to be constantly looking for the next innovation to keep them ahead of the game in this fast-moving space. That’s why modern data management platforms are the focus of so many organisations at the moment....

EVENT

Eagle Alpha Alternative Data Conference, Spring, New York, hosted by A-Team Group

Now in its 8th year, the Eagle Alpha Alternative Data Conference managed by A-Team Group, is the premier content forum and networking event for investment firms and hedge funds.

GUIDE

Regulatory Data Handbook – Second Edition

Need to know all the essentials about the regulations impacting data management? A-Team’s Regulatory Data Handbook is a great way to see at-a-glance: All the regulations that are impacting data management today A description of each regulation The impact each will have from a data and data management perspective Messages from sponsors with products related to...