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CMC Connect, the B2B liquidity division of CMC Markets, has announced a major fintech partnership with global neobank, Revolut. The collaboration will involve the integration of multiple APIs, allowing Revolut to offer its customers access to CMC's trading universe directly through the Revolut app. CMC will provide the trading, pricing, account systems, execution, and clearing services, while Revolut will deliver the user interface.
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Lord Cruddas, CEO of CMC Markets, stated, "The partnership facilitates back-to-back trading with Revolut, along with a complete back-end integration, providing their customers with access to the CMC Markets Connect trading universe. FX, Index, Commodities, Treasuries and Equity CFDs will be offered initially, with the ability to support other asset classes in the future as the relationship develops and matures. I would like to thank the Revolut team for their trust and faith in our technology and team."
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Revolut commented, "As a global neobank, we work with a wide range of FinTech providers to ensure Revolut customers have access to best-in-class solutions for their investing needs. CMC's size and legacy in terms of market experience and understanding of how to integrate trading systems seamlessly with other financial institutions has shone through over the last year of negotiations. We look forward to building on this working relationship in the future."
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Lord Cruddas added, "This important partnership reinforces CMC's position as a market leader and innovator in the B2B fintech space. It illustrates how CMC can fully support institutions looking to offer financial products with a full technology and trading infrastructure. Current expectations are that Revolut will launch to its customers imminently."
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The partnership between CMC Connect and Revolut is expected to provide Revolut's customers with access to a wide range of financial instruments, with the potential for further expansion in the future as the relationship develops.
