CHICAGO and NEW YORK and BOCA
RATON, Fla., March 14, 2023
/PRNewswire/ -- CQG, a leading global provider of
high-performance technology solutions for market makers, traders,
brokers, commercial hedgers and exchanges, today announced a
strategic partnership with global Fintech leader, Broadridge
Financial Solutions Inc. (NYSE: BR) that will integrate the
two firms' Execution Management System (EMS) and Order Management
System (OMS) respectively. The combination of CQG's front-end
trading technology with Broadridge's Order Management System and
the NYFIX network will be a first of its kind out-of-the-box
solution for institutional customers who wish to take advantage of
a full front-, middle- and back-office technology suite. These
types of partnerships complement Broadridge's open architecture
approach of the OMS.
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CQG completed a FIX connection into Broadridge to allow for
order flow from CQG directly into Broadridge's infrastructure to be
managed and routed out to its network of exchanges and liquidity
providers. Additional development underway will complete the effort
to allow for seamless workflow between the two systems. Viewing and
managing orders will be achievable and in-sync in either system.
Customers can stage orders, apply algorithmic logic to existing
orders, splice and bundle orders, manage allocations, and much
more. Traditionally, clients have been tasked with piecing together
a solution with a variety of technology providers and have the
added effort and cost of making those tools work
together.
CQG CEO Ryan Moroney said: "We
believe this strategic partnership will bring ease along with
significant savings opportunities to our mutual customers. Rather
than making a choice between an OMS and an EMS, customers will be
able to deploy an enterprise solution that offers both to their
internal desks and clients alike."
Together, Moroney said, CQG and Broadridge look forward to
enhancing the workflow of their institutional customers and
providing best-in-class execution and order management.
About CQG
CQG provides the industry's highest performing solutions
for traders, brokers, commercial hedgers and exchanges for their
market-related activities globally, including trading, market data,
advanced technical analysis, risk management, and account
administration. The firm partners with the vast majority of futures
brokerage and clearing firms and provides Direct Market Access
(DMA) to more than 45 exchanges through its global network of
co-located Hosted Exchange Gateways. CQG technology serves as the
front end for a variety of exchanges and is increasingly employed
as the over-the-counter matching engine for important new markets.
CQG's server-side order management tools for spreading, market
aggregation, and smart orders are unsurpassed for speed and ease of
use. Its market data feed consolidates 85 sources, including
exchanges worldwide for futures, options, fixed income, foreign
exchange, and equities, as well as data on debt securities,
industry reports, and financial indices. One of the longest-serving
technology solutions providers in the industry, CQG has won
numerous awards for its trading software, technical analysis and
multi-asset trading platform. CQG is headquartered in Denver, with 16 sales and support offices and
data centers in key markets globally. For more information, visit
www.cqg.com.
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