Tapaas Announces Integration With CMC Markets Connect

Tapaas, a provider of risk management and streaming data analytics solutions, announced its integration with CMC Markets Connect​, a liquidity provider for institutional trading.

According to the press release, this integration includes a live execution feed which is used by Tapaas to update its customers' hedge positions in real-time and an End of Day (EOD) Snapshot which is used for daily reconciliation of Tapaas Positions with the LP.

Co Founder and CTO of Tapaas, Tom Vasak, said, "Direct integration of Tapaas with LPs provides significant advantages to our customers by improving data integrity and assuring the accuracy of their hedge positions displayed by Tapaas. By having a direct feed from the LP to Tapaas, the broker has the certainty of seeing trades reaching the LP and viewing positions in Tapaas precisely as they are at the LP." 

Andrew Wood, Head of Institutional Sales APAC at CMC Markets Connect said that, "not only do we work directly with our institutional clients to provide bespoke services that meet their needs, but we are often asked to integrate with third party providers as part of this process. Tapaas is a great example here, as their technology is used by a number of our customers to deliver seamless real-time trade capture and reconciliation. It's because we truly understand the holistic benefit this offers that we are more than willing to invest in these integrations."