A notable expansion in futures trading capabilities was achieved through a partnership with CQG, a prominent provider of trading technology used by brokers, commercial hedgers, and exchanges. This collaboration is set to integrate CQG’s robust infrastructure into the platform’s order routing for derivatives customers, thus enhancing trade execution.
The platform reported having 25.5 million funded accounts with over $204 billion in assets managed by the end of January. It has been increasingly focused on derivatives trading, and this alliance with CQG is expected to further refine the execution process. Effective trade execution is crucial, particularly in retail foreign exchange trading, where delivering the best possible execution fosters strong relationships between brokers and their clients.
CQG stands out as a technology provider catering to a wide spectrum of market participants, from individual traders to large financial institutions and exchanges. The CEO of CQG pointed out the rising interest among retail investors in futures and options, expressing enthusiasm about the company’s role in addressing this demand. With over 45 years of experience in providing cutting-edge technology and connectivity for the futures industry, CQG has recently broadened its offerings to include multiple asset classes.
The partnership also allows U.S. customers access to a variety of future products from the CME Group, covering major asset classes. Notable offerings include major U.S. equity indices such as the S&P 500, Nasdaq-100, Russell 2000, and Dow Jones Industrial Average, alongside cryptocurrencies like bitcoin and ether, as well as key commodities such as crude oil, natural gas, and precious metals.
To streamline the trading process, the new alliance will utilize CQG’s application programming interface (API) for managing order routing related to futures trades and equity options. A representative from the company affirmed that the implementation of CQG would enhance the overall trading experience for users while maintaining a solid and stable infrastructure.
This strategic move illustrates a commitment to strengthening the platform’s position in the futures market, thereby providing users with a more cohesive and efficient trading environment.