Skale, a provider of CRM and client portals for forex brokers, has integrated its services with CMC Markets Connect's multi-asset trading solution. This integration offers CMC Markets' institutional clients access to Skale's customizable back office, CRM, multi-layered IB portal, and traders' area. According to the press release sent to Finance Magnates the move responds to substantial client demand.

Skale and CMC Markets Connect Join Forces

The collaboration between Skale and CMC Markets Connect is centered around equipping clients with tools for higher efficiency and streamlined operations. Skale's platform offers over 100 plug-ins in the FX market, such as trading platforms, KYC tools, marketing tools, and business intelligence tools.

"We are delighted to have integrated with Skale and incorporated them into the Connect platform. This recent partnership will allow our clients, especially our white label relationships, to scale their business further by streamlining operational requirements," Ahmed Soliman, the Head of Institutional Sales & Account Management Middle East at CMC Markets, expressed his enthusiasm about the integration.

CMC Markets Connect delivers liquidity to a global institutional client base, including banks, brokerages, funds, and dealing desks. Through a single connection, clients can access multiple asset classes worldwide. CMC Markets made the decision to rebrand and establish a separate institutional unit in early 2021. Richard Elston, the CMC Markets Group Head of Institutional, commented on the move: "this positioning enables us to work with new types of clients as the business continues to develop."

Skale's Founder & CEO, David Nussbaum, echoed Soliman's sentiments. In his opinion, the newest integration builds on Skale’s strategy of integrating with market-leading trading platforms.

"CMC Markets is recognised worldwide as an industry leader and we are thrilled that their institutional clients can now benefit from accessing our robust, flexible and secure platform which integrates all the tools they need to manage their trades, automating business processes and driving operational efficiencies," Nussbaum added.

CMC Markets Connect Expands Operations in the Middle East

The company recently expanded its presence in the United Arab Emirates (UAE) by upgrading its Dubai office, marking the initial phase of its regional expansion plans. According to a statement shared with Finance Magnates, CMC Markets will leverage existing talent from the division to oversee the expanded operations.

In addition, CMC Markets disclosed its intention, subject to regulatory approval, to introduce a cash equities product suite to its institutional clients, expanding its current offerings of currencies and commodities.

Furthermore, the provider of white label and liquidity trading solutions announced the relocation of Peter Foster, the Institutional Sales APAC, from the Sydney office to the company's regional hub in Singapore.

This move follows a series of executive appointments in 2022. Kim Ljung Anderson was appointed as the Head of Institutional Product Solutions at CMC Markets Connect in June 2022. Previously, Anderson held the position of Director of Saxo Advanced Solutions at Saxo Bank for over 18 years. Additionally, Sam Horowitz has joined CMC Markets Connect as the Head of FX Distribution and Liquidity Management, strengthening the company's institutional arm. Previously, Horowitz served as an advisor for the brokerage's wholesale expansion.