prime fx – reputable, experienced dissemination of tier … · 2017. 9. 13. · through the fix...
TRANSCRIPT
A changing marketThe Prime Brokerage market has changed
signifi cantly since 2015, with the high profi le
institutions that once acted as the cornerstone
liquidity providers continuing to retreat from the
market. Their appetite for risk is fading, solvency
requirements are increasing and as a result for
the biggest banks, the business case for providing
liquidity to the wider forex industry is diminishing.
Trading costs have been driven higher and the
effi ciency of the underlying market is now being
questioned, leaving well-capitalised and highly
respected institutions like CMC Markets to step up
with Prime FX, as the industry looks to address this
gap. An effi cient market comes with many benefi ts,
allowing competitive spreads to be offered and
a confi dence in the availability of deep liquidity.
The big banks may no longer have the appetite for
managing a hundred or more broker relationships,
but there’s a new generation of liquidity provider
moving in.
The CMC proposition‘Prime of Prime’ is so widely used that the true meaning
has already been devalued. That’s why the CMC Markets
proposition revolves around the dissemination of tier
one liquidity. As a publicly listed company with over 25
years of experience and a market capitalisation of around
£360,000,000, CMC Markets is applying its weighty
balance sheet in a responsible way to facilitate better and
more reliable access to liquidity. Those prime of prime
brokers who provide a service by simply leveraging up a
very small initial capital base presents a signifi cant risk
for counterparties, especially in disorderly markets.
It’s better, because…CMC Markets is listed on the London Stock
Exchange, which ensures the client relationship
is underpinned by transparency and the highest
standards of governance. The company is regulated
by leading international bodies including the UK’s
well-regarded Financial Conduct Authority, whilst
the strength of the balance sheet and market
capitalisation delivers access to meaningful
liquidity. Market-leading fees and commercial terms
are on offer and aggregated pre-trade credit checks
ensure risk is managed appropriately in a low
latency environment.
• Flexible connectivity options
• Spot FX pricing supported out of LD4
• Institutional standard trading GUI
• Real time position monitoring
• A custom-built interface for advanced back-offi ce reporting
CMC Markets provides the same calibre of service
that was historically delivered by Prime Brokers,
but with the ability to on-board clients quickly on
commercial terms that are appropriate for their
needs and in turn serve the expanding mid-market
in a viable way.
A streamlined marketUsing CMC Markets as your prime liquidity
dissemination partner and counterparty ensures access
to genuinely deep liquidity on an ever-widening range
of currency pairs and bullion types. We are building a
single, fl exible venue for all your institutional FX trading
needs and providing the most competitive prices
to improve your profi tability – all underwritten by
decades of experience, a stock exchange listing and one
of the most respected names in foreign exchange.
Prime FX – dissemination of tier
one liquidity
Reputable, experienced counterparty backed by a
strong balance sheet
Rapid integration and an intuitive
interface
0000763_0000763_A4_Leaflet_iFX_V8.indd 1 17/05/2017 16:29
Connecting to tier one liquidityWe understand that banks, brokers, funds and
trading desks want the ability to plug in to tier one
liquidity from a highly respected counterparty.
As an experienced market participant with a London
Stock Exchange listing and one which is regulated
by the FCA, CMC Markets has since 1996 been
actively partnering with institutions of all sizes right
across the globe. Clients benefi t from an award-
winning* proposition, which delivers liquidity that’s
naturally enhanced by our own substantial reach.
CMC Markets’ combination of liquidity and
transparency provides an unrivalled range of
products, including continuous cash and forward
contracts in global indices, commodities, treasuries,
precious metals and over 300 FX pairs, including
many synthetics.
We also have a clear approach to market data and
are setting a new standard in transparency, both
by appropriately facilitating payment of market
data fees and also actively informing those market
data providers of client usage. An effi cient market
benefi ts from high quality data and this is a function
we will continue to support.
Broker tools designed for total control Our partners’ portal includes access to real-time
reporting tools, enabling institutional clients to
quickly identify any issues or opportunities. At
a glance, revenue levels can be monitored at the
office, desk or employee level, whilst visibility of
the exact number of trades placed and the overall
asset class split is also available via our multi-
award winning GUI.
End of day trading extracts are also available, be that
for regulatory reporting, analysing performance or
risk auditing. Our automated service returns the
data you want, when you need it, with fi les delivered
fl exibly - and in the format you need.
• Access market data and trade execution through the FIX protocol.
• Off-the-shelf integration with MT4 bridge technology and other FinTech providers.
• A multi-award winning GUI for trade verifi cation and ad hoc manual trading.
• Reliable and competitive pricing with great liquidity and automated execution.
• Customised regulatory, trade and revenue reporting for the back-offi ce.
• Skilled, experienced staff ensure quick integration and swift deployment.
A robust trading infrastructure delivering total connectivity and total support Our robust systems can handle over 1 million prices
per second and we routinely process over 4 million
trades a month for our clients. CMC Markets’ strong
failover capabilities ensure high levels of stability,
availability and reliability worldwide, with market-
leading up-time levels of 99.95%. Furthermore, our
approach to security makes it easy to ensure that
the right members of your team have exactly the
right level of permissions to achieve their goals -
without compromising your system integrity.
FIX API – low latency market data and
trading connectivity
Liquidity, transparency and global market access
Comprehensive range of multi-asset CFDs
*Voted Best CFDs Broker Finance Magnates Awards 2016
0000763_0000763_A4_Leaflet_iFX_V8.indd 2 17/05/2017 16:29