14th June 2011

Press Release – CMC Markets optimizes pricing and market

MDX Technology, today announced that CMC Markets has selected MDXT Connect to further optimize its real-time pricing and market making capabilities. The global online retail financial services trading business is using the Excel client interface of MDXT’s desktop connectivity platform to build spreadsheets for external and internally generated data at the dealer desks in London and Singapore.

“Our pricing & risk platform is constantly evolving and providing the traders and financial engineers with the ability to incubate new risk models – this is absolutely critical to our business”, said Harish Rao, group head of pricing and risk, CMC Markets.

“We are faced with the daunting challenge of managing subscriptions to tens of thousands of instruments across a diverse set of asset classes, ranging from FX to commodities, indices & equities. MDX worked very closely with us to understand our specific requirements and their expertise in handling extremely large volumes of data on the desktop has been invaluable in implementing the technology in CMC Markets.” “CMC Markets’ expertise in online retail financial services trading has provided vital customer insights to shape our product development and directly benefit our end-users,” said Paul Watmough, CEO, MDX Technology. “As a result, we can consistently deliver cost savings, optimization and performance improvements to empower market leaders such as CMC Markets to cater to the new-age investor.”

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