BTS

CQG Announces New Algos, Execution Logic from Blue Trading Systems (BTS)

CQGCQG has just completed a transaction to license certain software assets from Blue Trading Systems (BTS), which will give CQG an exclusive, comprehensive suite of custom algorithmic strategies to offer clients, along with new low latency spread routing for spread traders.

The provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges, is integrating the new algos and execution logic into its full suite of trading products, allowing for a range of choices for traders and brokers who seek anything from low-cost, easy-to-use products to more advanced, sophisticated trading platforms. Traders will gain access to strategies offering the best execution across a range of markets.

Traders and hedgers will be able to leverage transaction cost analysis (TCA) features to review performance, with full visibility into the benefits of deploying their proposed strategies. CQG’s industry-leading simulation and back-testing tools will allow users to test strategies in as near real-market conditions as possible. To oversee the integration and implementation of the new customized CQG offering based on the BTS software, CQG appointed Kevin Darby, formerly Co-Founder and Managing Partner of BTS, as a Product Manager. He will be in charge of product strategy for the firm’s spreader and
algo offerings.

Ryan Moroney, President of CQG, said: “One of the things that stands out from the market activity over the last few months has been the incredible velocity with which markets can react to world events. During this time of high volatility, we had numerous internal discussions on product enhancements we could make to provide our customers with new solutions designed for these market conditions.”

He further stated, “We’ve known the BTS team for a few years and have always admired the care that has gone into its products. When the opportunity came up to license the BTS code as well as to bring Kevin on to lead the new offering, we seized on it. This approach provides us with the basis for building a high-performance algo and spreading platform that will allow our customers to thrive in markets like these.”

“I’m thrilled to join the highly skilled and well-respected group of professionals at CQG in an effort to build out both a comprehensive institutional algo suite and a new, faster spreader platform. Licensing the BTS code affords us a familiar low-latency foundation on which to pursue this exciting endeavor”, said Kevin Darby.