CMC Markets Launches New Prime Derivatives Platform in Australia

The platform has been tailored for institutional and professional clients.

Online trading provider CMC Markets announced this Wednesday that it has launched its new Prime Derivatives platform in Australia. The platform allows institutional and professional clients with access to single stock contracts for differences (CFDs) across Australia, the United States, Europe and Asia.

In its statement released today, CMC describes the new platform as an “advanced trading system”. As part of this, the system allows integration with existing systems, including an API integration with trading and market data software Iress Pro and ViewPoint.

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Via the platform, institutional investors will be able to access shares from the Australian Securities Exchange (ASX), as well as other stocks across global markets. These can be traded from one account.

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Commenting on the launch, Andrew Wood, Head of Institutional at CMC Markets APAC, explained in the statement: “We are hearing from our institutional and professional partners that their clients’ expectations are evolving, wanting access to a greater number of markets, products and also data and new technology that will help them execute trades more effectively and successfully.  

“The Prime Derivatives platform provides our partners with direct access to primary exchanges, Multilateral Trading Facilities (MTFs) and other markets through a system that can easily plug into their existing network…” 

CMC Markets partners with Iress

Through its integration with Iress, the Australian platform allows partners to use data to make faster and more informed decisions. This data will provide insight into pre-trade risk, positions, portfolios, margin, order routing, and workflow, CMC Markets said.

“Iress is delighted to partner with CMC Markets on the establishment of this platform, as it provides our clients with access to an even greater range of markets and trading instruments,” added Iress managing director of financial markets, Kirsty Gross, in the statement. “The integration with Iress Pro and ViewPoint creates a seamless experience for users, further improving efficiency for clients.”

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