CMC Markets Institutional has deployed Gold-i’s Matrix NETwork as an additional distribution channel, making its multi-asset liquidity available to brokers worldwide.
The addition of CMC Markets into the Gold-i’s ecosystem will bring extra liquidity and access to the prime broker’s offering that includes almost 10,000 different instruments covering a range of CFD indices, commodities, FX pairs, treasuries and stocks, strengthening their proposition within the brokerage community.
Gold-i’s Matrix suite of products provides a distribution channel of multi-asset class liquidity for a global network of brokers, prime brokers, and hedge funds. Members are able to deliver their liquidity to other end-customers through Gold-i’s Matrix, as well as manage their trading book and customize their liquidity through different management tools.
Other market participants have recently joined Gold-i’s Matrix NETwork, including cTrader, the FX and CFD trading platform created by Spotware. Matrix Net is an extension of Gold-i’s multi-asset liquidity management platform, Matrix, which gives brokers access to 100s of liquidity providers.
Today’s announcement means that CMC Markets’ multi-asset liquidity can now be accessed by this community under a single B2B feed.
Smart Routing and Direct Connections LPs
CMC Markets Institutional is a provider of liquidity and white label trading solutions to banks, brokerages, funds and dealing desks. The wholesale arm of London-based trading provider CMC Markets (LSE: CMCX) allows liquidity takers to connect to its network either by using proprietary trading platforms or via third party technology.
A range of back-office reporting tools and risk management functionality are provided to help brokers optimise their performance.
Commenting on the news, Richard Elston, Head of Institutional at CMC Markets said: “We have invested heavily in streamlining our own technology, building a low-latency, multi-asset liquidity solution as a result. By partnering with Gold-i, we are able to extend our own reach and deliver high quality liquidity to Gold-i’s extensive global client base. It also opens up new business opportunities for us, particularly in territories such as Latin America where we are increasingly focusing our growth.”
Gold-i CEO, Tom Higgins also notes: “CMC has one of the most comprehensive multi-asset offerings in the market and is a very welcome addition to our Matrix NETwork. Their extensive liquidity pools present our clients with significant opportunities to diversify and add new revenue streams, all on attractive commercial terms.”