Direct Market Access to Nasdaq Futures Platform Offers Global Trading Access to New Suite of Futures based on Key Energy Benchmarks
New York, April 21, 2015 - CQG, Inc., a global provider of trade routing, market data, and advanced technical analysis, and Nasdaq today announced that CQG will introduce connectivity to Nasdaq Futures, Inc. (NFX), the exchange group's U.S.-based designated contract market (DCM). Through NFX, Nasdaq will expand its commodities business with futures and options on key energy benchmarks including oil, natural gas and U.S. power, which will launch in mid-2015.
"NFX builds on our existing connectivity to Nasdaq futures markets, which includes NLX and Nordic markets," Pat Kenny, Vice President of Client Relations of CQG, said. "We always look for ways to increase our customers' opportunities through access to new market venues and products."
The connection expands CQG's leading global coverage, giving traders access to the newest market innovations. CQG will provide direct access to NFX through all of its platforms, including its flagship platform, CQG Integrated Client, which offers global market data and innovative interfaces for electronic trading and order management.
"CQG offers NFX market participants a unique set of charting and analytics tools to identify new strategies and effectively execute our new suite of energy products," said Magnus Haglind, Vice President of Global Transaction and Market Services and Head of U.S. Commodities. "CQG is a premier market data and trading specialist, and we are pleased that they will carry NFX market data thereby making it available through redistribution to a wide network of existing trader tools."
Nasdaq's Global Commodities business offers trading and clearing solutions for assets including power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services. With competitive fees and a range of liquidity providers, Nasdaq provides a cost-effective, transparent and efficient marketplace that appeals to all types of trading entities.
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of approximately $9.5 trillion and more than 10,000 corporate clients. To learn more, visit: nasdaq.com/ambition or business.nasdaq.com.
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