CMC Markets Connect Collaborates with Lucera to Enhance FX Connectivity Offering

London-based CMC Markets Connect, a liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term and white-label trading solutions provider, has partnered with Lucera Financial Infrastructures. The collaboration aims to leverage Lucera's LumeFX product suite to enhance CMC's existing in-house fix connectivity offering for the foreign exchange (FX) market.

CMC Markets Connect Collaborates with Lucera

CMC Markets Connect serves a vast institutional clientele worldwide, comprising banks, brokerages, funds, and dealing desks, by providing liquidity. With a unified connection, clients gain access to numerous asset classes on a global scale. In early 2021, CMC Markets opted for a rebranding initiative and created a distinct institutional unit.

Now, CMC Markets Connect collaborates with Lucera in a move to improve in-house forex connectivity and serve a broader base of potential clients.

Sam Horowitz, the Head of FX Distribution and Liquidity Management at CMC Connect, noted the strategic value of the partnership. He revealed that the collaboration enables CMC Connect to extend its network of current in-house fix connectivity partners.

"By partnering with Lucera, our liquidity offering is now available in the vast majority of places where our current and future clients might wish to meet us," Horowitz commented.

Peter Durkan, the CEO at Lucera Financial Infrastructures, echoed Horowitz's enthusiasm. He expressed excitement about partnering with a globally recognized financial services provider like CMC Markets. According to Durkan, the partnership highlights the cutting-edge technology and world-class financial infrastructure solutions Lucera offers, combined with CMC Markets' dedication to providing exceptional trading experiences.

"By leveraging our state-of-the-art trading infrastructure and high-performance connectivity, CMC Markets can confidently enhance their trading capabilities and provide clients with unparalleled market access and execution speeds," Durkan commented. "Our cutting-edge technology and robust network architecture ensure that CMC Markets can focus on delivering exceptional services while maintaining the utmost level of security and performance."

CMC Markets, established in 1989 and now listed on the London Stock Exchange, has a presence in various regions, including the UK, Australia, Germany, and Singapore. The company allows clients to trade almost 10,000 financial instruments across multiple segments.

CMC Markets' Recent Updates

In a separate announcement from today, CMC Markets revealed plans to enhance its user experience by integrating TrueLayer Payments in the UK and Europe. TrueLayer, an open banking platform, provides a secured, swift, closed-loop payments product, offering an upgrade from traditional payment methods like debit cards or manual bank transfers, according to a company press release.

Two weeks earlier, CMC Markets Connect integrated with Skale, a provider of CRM and client portals for forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers. This partnership allows CMC Markets' institutional clients to utilize Skale's adaptable back office, CRM, multi-layered IB portal, and traders' area.

Recently, the company extended its footprint in the United Arab Emirates (UAE) with an upgrade of its Dubai office, signalling the first step in its regional expansion strategy. According to a statement shared with Finance Magnates, CMC Markets will employ existing staff from the division to manage the enlarged operations.