“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.”
CQG has partnered with Broadridge to integrate the two firms’ Execution Management System (EMS) and Order Management System (OMS) respectively.
The provider of trading technology for market makers, traders, brokers, commercial hedgers, and exchanges will
Combining CQG’s front-end trading technology with Broadridge’s Order Management System and the NYFIX network, the first-of-its-kind out-of-the-box solution for institutional customers will offer a full front-, middle- and back-office technology suite.
CQG and Broadridge plan to further enhance the workflow of their institutional customers and provide best-in-class execution and order management.
Customers don’t have to choose between an OMS and an EMS
Ryan Moroney, Chief Executive Officer at CQG, 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.”
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 provides DMA to over 45 exchanges
CQG offers solutions for traders, brokers, commercial hedgers, and exchanges for their 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.
The firm’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.