prime fx – reputable, experienced dissemination of tier … · 2017. 9. 13. · through the fix...

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A changing market The Prime Brokerage market has changed significantly since 2015, with the high profile 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 efficiency 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 efficient market comes with many benefits, allowing competitive spreads to be offered and a confidence 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 significant 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-office 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 market Using 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, flexible venue for all your institutional FX trading needs and providing the most competitive prices to improve your profitability – 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

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Page 1: Prime FX – Reputable, experienced dissemination of tier … · 2017. 9. 13. · through the FIX protocol. • Off-the-shelf integration with MT4 bridge technology and other FinTech

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

Page 2: Prime FX – Reputable, experienced dissemination of tier … · 2017. 9. 13. · through the FIX protocol. • Off-the-shelf integration with MT4 bridge technology and other FinTech

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