Exchange Partnership to Broaden the Reach and Appeal of Bitcoin

Chicago, IL, April 11, 2017 – CQG, Inc., a leading provider of trading front-end software for the broker, dealer, and FCM industry, and BCause LLC, the leading applicant for CFTC approval to become the first US-regulated exchange for trading of crypto-currency derivatives, announce their partnership to provide a market at the intersection of the crypto-currency and traditional derivatives trading spaces.

Michael Adolphi, CEO of BCause, said, “This means that on day one of trading, our products will be available on over 150,000 desktops at FCMs across the country. This agreement with CQG will provide broader availability and greater liquidity than is available anywhere else, all under the regulatory oversight of the CFTC.”

Mike Glista, Director, CQG, stated, “We see this partnership with BCause as a natural progression for the market. Some of these crypto-currencies have developed into significant stores of value and transfers of wealth. Bringing derivatives to this market will stabilize price, increase transparency, and improve price discovery, making them more viable. We are very excited to be partnered with such a forward-thinking firm as BCause.”

We will release more information when BCause secures CFTC approval and is ready to go live.

About BCause
​Founded in 2013, BCause LLC, is a privately-owned exchange operator, that is focused on helping people legally invest in regulated futures and options for Bitcoin and other crypto-currencies. Pending CFTC approval as a DCM, BCause plans to be the first DCM to legally offer bitcoin futures products to retail and institutional investors. In addition, BCause intends to offer future products to a variety of underserved markets. BCause is based in Virginia Beach, VA and Chicago, IL.

Media Contact
Thomas Flake
tom@bcause.com
(757) 286-4927

 

About CQG
CQG provides the industry’s highest performing solutions for integrated trade routing, global market data, and advanced technical analysis. 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'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 more than 75 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. CQG has received the Prop Traders' ISV of the Year award from FOW (now Global Investor Group), the Best Technical Analysis Platform award from The Technical Analyst, and the Best Product for Traders award from Finance Magnates for its multi-asset trading platform, CQG One. CQG is headquartered in Denver, Colo., with sales and support offices worldwide.

Contact
Ellen G. Resnick
Crystal Clear Communications
+773-929-9292; +312-399-9295 (mobile)
eresnick@crystalclearPR.com