QuantHouse has added CMC Markets to its application programming interface (API) initiative, providing access to the firm’s trading platform to the ecosystem.
The ‘qh API Ecosystem’ was launched in September last year to accelerate the adoption of multi-asset class API solutions. The initiative aims to assist FinTech providers to turn their software and hardware products into global, on-demand solutions via open APIs.
The tie-up allows CMC execution services to be accessed by hedge fund and brokerage clients in more than 22 financial data centres via the QuantHouse network.
“Our clients have been asking us to give them the ability to access additional asset classes, so with this in mind we have been developing our new CMC Prime platforms and API technology,” said Anthony Edwards, institutional sales manager at CMC Markets. “This will allow our institutional counterparties to directly access an extended range of instruments, all from a single provider.”
Stephane Leroy, business co-founder and chief revenue officer at QuantHouse, added both companies want to provide easy API connectivity on a low latency basis.
“QuantHouse’s clients will benefit from quick, efficient and low-cost access to trading on the CMC platform, while at the same time, CMC clients will benefit from easy access to the API Ecosystem for a number of trading services made available by our members,” he said.