Through the XCore, financial institutions access the most liquid market in the world. The XCore’s innovative and cutting-edge technology benefits hundreds of financial institutions by providing them with liquidity through Tier 1 banks, prime brokers and other liquidity sources.
CMC Markets is now part of the XCore community. Through the XCore community, CMC Markets will be able to offer its wide range of top-tier liquidity including currency pairs, indices, commodities and treasuries to a larger pool of financial institutions at ultra-low latency connectivity.
Commenting on the partnership, PrimeXM CEO, Cristian Vlasceanu noted that “committed to our mission of connecting financial institutions to the global markets through cutting-edge innovations, we are happy to announce today our new partnership. At PrimeXM, we know that CMC Markets will add a great value to the XCore community and we are confident that our dedication to innovation by intelligence will continue to boost performance for our partners.”
On the other hand, Richard Elston, head of Partners at CMC Markets Institutional, commented: “PrimeXM is recognised as a leading technology provider in the financial industry, making them a natural fit as a distribution partner for our own liquidity, including FX, CFDs and native spread bet instruments. Their low latency, institutional grade infrastructure will provide another reliable route which offers even more counterparties access to CMC Markets’ single source of high quality, multi-asset liquidity.”
The masterminds behind the project
PrimeXM’s mission is to connect financial institutions to the global markets through cutting-edge innovations. The company’s low latency technology is trusted by hundreds of financial institutions for its high-performance, flexibility and scalability. PrimeXM’s primary offering is the XCore, an aggregation and execution engine which provides a centralized environment for liquidity and risk management. PrimeXM also offers hosting services globally and connectivity solutions. The company’s offering extends to fully customizable MT4/MT5 White Labels.
CMC Markets Plc (“CMC”) was established in 1989 and is now listed on the London Stock Exchange. The company is one of the world’s leading online financial trading businesses serving retail and institutional clients through regulated offices and branches in 14 countries, with a significant presence in the UK, Australia, Germany and Singapore. CMC Markets offers an award-winning, online and mobile trading platform, enabling clients to trade as many as 10,000 financial instruments across shares, indices, foreign currencies, commodities and treasuries through contracts for difference (“CFDs”) and financial spread bets (in the UK and Ireland only). Clients can also trade on the short-term price movements of financial markets through Countdowns and, in Australia, access stockbroking services. CMC Markets Plc’s shares are listed on the London Stock Exchange (CMCX).