Meet CMC Markets Connect - Proud Diamond Sponsor at iFX EXPO Dubai 2023
iFX EXPO: Tell us a bit about your company! When was it founded? Where are you Based?
Richard Elston , Group Head of Institutional: CMC Markets has a legacy that reaches back to the 1980s and was one of the world’s first FinTechs. Over the last 30+ years, we have built a global multi-asset brokerage, providing liquidity solutions and trading technology to retail and institutional clients worldwide. In 2020 we launched CMC Connect , delivering products and services exclusively to banks, brokers, hedge funds, family offices and other financial service providers. We’re authorised by many of the top regulators including the UK’s FCA, Germany’s BaFin, ASIC in Australia and we also have a DFSA license for our work in Dubai.
iFX EXPO: What sets you apart from the competition?
Richard Elston, Group Head of Institutional: Technology has always been at the heart of what we do as a company. We use a team of in-house developers to ensure that our platforms are continually optimised to meet evolving market needs and since 2015, we have invested more than $170 million in developing, upgrading, and maintaining our proprietary technology platforms. These provide institutional and retail clients with access to pricing and execution services across a wide and growing range of instruments.
iFX EXPO: Who from your team will be at the event?
Richard Elston, Group Head of Institutional: ?
iFX EXPO: Do you have news or releases coming out which you would like to share?
Richard Elston, Group Head of Institutional:?We are always innovating and building out our product set. Two key developments in 2023 will be the launch of additional exchange traded asset classes, plus the inclusion of physical equities into the CMC Markets Connect trading environment. For years, our technology has powered the retail stockbroking arm of ANZ Bank, a business that we later went on to acquire outright, so we now provide 1.2 million Australian customers with the ability to buy and sell more than 34,000 different physical shares. We’re now rolling out this same platform for other banks and brokers using white label agreements, as well as under the CMC Markets banner, with the first deployments here being from our Singaporean office.
Our institutional offering is already considered to be comprehensive, but our next step is to offer a genuine one-stop-shop environment that can operate seamlessly over any delivery vehicle, be that an API, a white label offering or indeed the core CMC Markets Connect platform.
iFX EXPO: As one of our Exhibitors and Sponsors, what would you say is the highlight of iFX EXPO events for you?
?Richard Elston, Group Head of Institutional: We’ve had counterparties in the UAE and wider Middle East region for many years, with clients impressed by our depth of liquidity, technology, and the comprehensive range of instruments we offer access to. However, we see this as a market that is poised for outsized growth in the years ahead on a number of counts so participating in iFX EXPO provides us with a great opportunity to showcase the business. We also believe the region is underserved in terms of technology providers, especially in the financial services arena. With that in mind, we are looking to promote our FinTech services to clients locally, allowing them to work with us to develop genuinely bespoke solutions. These have the ability to integrate existing tech stacks with components of our institutional-grade platform on an open API basis, creating truly best-in-class solutions.
You can meet CMC Markets Connect Proud Diamond Sponsor at iFX EXPO Dubai 2023 at Booth Number 2.