CQG, a provider of trading, market data and technical analysis tools, has entered into a strategic partnership with Broadridge Financial Solutions, to integrate their order management system (OMS) and execution management system (EMS).
The companies said that the combination of CQG’s front-end trading technology with Broadridge’s OMS and the NYFIX network is the first-of-its-kind out-of-the-box solution for institutional customers.
It offers them a full front, middle and back-office technology suite. CQG and Broadridge also plan to further develop their clients’ workflow and provide best-in-class execution and order management.
“We believe this strategic partnership will bring ease along with significant savings opportunities to our mutual customers,” said Ryan Moroney, chief executive officer at CQG.
He added, “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 enabling its order flow to be directly managed and routed out to its network of exchanges and liquidity providers via Broadridge’s infrastructure.
Work will continue to ensure there is 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.
Traditionally, clients have pieced together a solution with a variety of technology providers and have the added effort and cost of making those tools work together.
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 over 45 exchanges through its global network of co-located hosted exchange gateways.
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