CMC Connect Goes Live With Cash Equities For Its Clients
Liquidity Finder - Sam LowDecember 13, 2023 - CMC Connect has today announced the launch of cash equities to its institutional client base. Following an exhaustive internal testing programme, the first tranche of more than 5000 instruments, including single stocks and ETFs, can now be traded via the CMC Connect platform. This augments the existing Contract for Difference (CFD) and Spot FX offering.
- 4700+ US stocks, 700 ETFs now tradable
- CMC Markets acts as a match principal to the trade
- Supported by multi-currency accounts and multi-asset execution
Kim Ljung Andersen, Head of Institutional Product Solutions at CMC Connect, commented, “This launch marks another significant milestone for CMC Connect as we look to build out our multi-asset, multi-currency functionality for clients of all sizes. The addition of cash instruments has been proving invaluable as we look to grow the number of institutions, we provide liquidity solutions for. Further equities and additional asset classes will be added to the platform in the New Year.”
CMC Markets UK now acts as principal in trading cash products for clients, with the proprietary technology supporting both full and partial fills on an automated basis. The platform also has the ability to accommodate working orders as necessary to cater to the flow and orderbook dynamic of the market at any point in time. Following the successful launch of US cash equities, UK cash equities will be added to the platform in the start of the new year, followed by a range of other global markets.
Richard Elston, Group Head of Institutional, CMC Connect, added, “As we look to grow our footprint further, the demand from counterparties for extending the product range is clear. The strength of our technology along with our operational abilities has allowed us to deliver yet another institutional grade solution, whilst our development timelines will result in further significant innovations being seen in the years ahead.”
The launch accompanies the recent rebrand of CMC Connect
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