CHICAGO / DENVER, March 15, 2018 – CQG, Inc., a leading global provider of high-performance trading, market data, and technical analysis tools, today announced a new partnership with Nasdaq Futures (NFX), a leading futures exchange, to provide a trading solution for clients trading NFX products. NFX, leveraging CQG Desktop for its trading system, now makes that offering available with zero fees, providing direct trading access of NFX listed products to its clients.
NFX traders can now take advantage of the lower execution rates - often 50 percent less than incumbent energy exchanges - without any CQG execution fees.
“Nasdaq is committed to building the futures market of tomorrow. That’s why we’ve partnered with CQG to create a solution for clients that offers best-in-class technology at a lower cost,” said Rick Beaman, Vice President and head of Nasdaq Futures. “This partnership is a great example of how we’re reimagining the evolution of NFX and the opportunities for clients.”
CQG Senior Vice President Mike Glista said: “NFX wanted a strategic, robust technology partner to make access to its markets easier and more cost-efficient for customers. CQG is pleased to partner with the exchange to provide our flexible, web-based platform.”
CQG provides the industry’s highest performing solutions for traders, brokers, commercial hedgers, and exchanges for their market-related activities globally, including 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 the firm’s technology is increasingly employed as the over-the-counter matching engine for important new markets. 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 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. 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 is headquartered in Denver, Colorado, with 16 sales and support offices and data centers in key markets globally.
Ellen G. Resnick
Crystal Clear Communications
+773-929-9292; +312-399-9295 (mobile)