CMC Markets has announced a newly formed partnership with oneZero Financial Systems in an effort to expand the reach of its multi-asset liquidity feed to a greater pool of accredited financial entities.
oneZero provides an automated solution for market connectivity and price distribution, which will help to streamline CMC Markets’ offering of its tier one liquidity feed.
CMC Martkets will also benefit from oneZero’s EcoSystem, which encompasses over 150 participants, including banks, brokerages, and various hedge funds. Since all members use oneZero’s proprietary software, all of them will have access to CMC Markets’ liquidity at a lower rate.
Further facilitating CMC Markets’ liquidity access expansion is the fact that CMC Markets is one of just a few providers within the oneZero EcoSystem who offer multi-asset liquidity in one B2B feed and such a diverse list of assets for user to select.
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Enabling clients access to such a broad list of non-FX products under a unified technology and clearing solution is a highly progressive model both in terms of software and brokerage.
Commenting on the partnership, Andrew Ralich, CEO of oneZero Financial Systems said: “the introduction of CMC Markets as a B2B liquidity provider within our EcoSystem is a major step forward in our combined vision of the future of the liquidity and credit marketplace. Allowing clients to access to such a broad list of non-FX products, under a unified technology and clearing solution, is a highly progressive model both in terms of software and brokerage.”
Head of Institutional at CMC Markets, Richard Elston commented: “distributing our multi-asset liquidity over the popular Hub from oneZero Financial is a great step forward for all concerned. Counterparties now have, for the first time, a single consolidated liquidity source covering not just Forex but also a comprehensive range of indices, commodities and treasuries, all at a highly competitive rate.”
Earlier this month, CMC Markets joined the crypto-craze after launching their own cryptocurrency CFDs. The company is taking steps to expand its operational capacity and to offer its clients an assortment of trading avenues.