CMC Markets launches institutional service called PrimeFX

CMC Markets launches institutional service called PrimeFX

- in All News, Forex Brokers
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As a well-capitalized and technologically innovative company, CMC Markets (LON:CMCX) steps in to fill the industry liquidity gap that has been left by some traditional prime brokers that no longer wish to serve a broader client base. The major UK forex, CFD and spread betting broker announced the launch of a Prime FX service.

CMC Markets’ PrimeFX is a result of careful consideration and planning, and its key feature is the dissemination of tier-one liquidity.

We have been actively providing our services to other institutional clients for over twenty years, during which time we have seen constant evolution in client demands. Our offering has changed to address this, but the recent scaling back of prime brokerage services by a number of major banks has created a huge market need,” commented Richard Elston, head of institutional at CMC Markets. – “Our London Stock Exchange listing, international regulation and significant balance sheet means that CMC Markets is ideally placed to be a trusted counterparty when it comes to Prime FX,” he added.

CMC Markets was set up back in 1989 and now it runs offices in 14 countries across the globe, focusing on the markets in the UK, Australia, Germany, and Singapore. The broker offers trading in more than 10,000 financial instruments, including forex, shares, indices, commodities and treasuries via its proprietary trading platform Next Generation.

CMC Markets operates via its subsidiaries licensed by UK’s FCA, as well as by the respective authorities in Australia and New Zealand. It is listed on the London Stock Exchange (LSE) and is one of the largest publicly held UK brokerages by market cap, along with IG Group and Plus500. It is also included as a constituent in the FTSE 250 Index of the London Stock Exchange (LSE).

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