Broadridge closes CQG acquisition
The deal allows Broadridge to expand its client offering, providing an integrated, end-to-end trading solution spanning futures and options markets.
The deal allows Broadridge to expand its client offering, providing an integrated, end-to-end trading solution spanning futures and options markets.
The merger – which is currently scheduled to complete in Broadridge's fiscal fourth quarter – is expected to provide an end-to-end trading suite for global futures and options markets.
The technology uses live data and has had “an extremely high level of predictive success in anticipating futures market moves,” during internal testing, said the business.
The new platform will combine CQG Desktop’s ease of use with several features of its flagship professional trading platform, CQG Integrated Client.
The new suite builds upon the infrastructure of software assets that CQG acquired from Blue Trading Systems in June last year as well as technology CQG has developed recently.
Nasdaq’s fixed income business will implement CQG’s front-end trading platform for US Treasuries.