CQG automates futures hedging in Barchart’s cmdtyView platform

Rick Steves

Barchart has partnered with CQG to automate futures hedging for physical grain trading in Barchart’s cmdtyView platform. CQG is a renowned provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges. By integrating CQG’s Hedge Management System (HMS) with Barchart’s award-winning commodity trading platform, cmdtyView, market participants will enjoy greater hedging capabilities and […]

Barchart has partnered with CQG to automate futures hedging for physical grain trading in Barchart’s cmdtyView platform.

CQG is a renowned provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges.

By integrating CQG’s Hedge Management System (HMS) with Barchart’s award-winning commodity trading platform, cmdtyView, market participants will enjoy greater hedging capabilities and connectivity.

CQG for connectivity and hedging capabilities

Merchandisers and grain buyers can easily automate the hedging of their physical grain contracts, reducing risk and streamlining workflows.

cmdtyView is then connected across the grain supply chain to farmers for submitting offers via Barchart’s Marketplace apps, as well as to grain accounting and ERP providers for managing contracts, tickets and positions; and to futures brokerage firms for execution and clearing.

Mark Haraburda, Chief Executive Officer at Barchart, said: “We are proud to partner with industry-leader CQG to enhance our enterprise solutions for physical grain buyers. Our clients trust Barchart for pricing data and analytics, pre-trade decision support and physical trade negotiation. Through this partnership with CQG, we offer a complete solution for the entire trade lifecycle, through to post-trade risk management.”

Mike Glista, CQG Senior Vice President, commented: “We are excited about this deeper partnership with Barchart. Its cmdtyView product, coupled with CQG’s infrastructure for hedge management, will offer a cutting-edge tool to farmers and merchandisers alike.”

Barchart for pricing, fundamental data, and forecasts

CQG’s new hedge management workflows combine with Barchart’s global exchange pricing, deep fundamental data, physical commodity prices, and proprietary forecasts, making cmdtyView a true end-to-end workflow solution for commodity trading.

cmdtyView is delivered as part of Barchart’s enterprise solutions for agribusiness and will help automate the entire grain origination, grower engagement, and risk management process for global agriculture:

  • Grower Apps (Marketplace): Elevator-branded mobile apps that connect farmers directly into merchandiser workflows.
  • Offer Management: Producers can easily submit offers to sell their grain via a Marketplace App and receive instant updates from elevators when offers are accepted.
  • Hedge Management: Merchandisers and grain buyers can reduce risk through automated hedging of their physical grain contracts directly in cmdtyView.
  • Accounting Automation: Merchandisers can easily supply their producers with real-time ERP data from industry-leading vendors.
  • eSignature: A simplified workflow for grain buyers to quickly issue paperless grain sale contracts to their producers, helping save time and money.
  • Connected Chat: Merchandisers can effortlessly negotiate offers in real-time with chat that links to their producers’ phones.

What have they been up to?

CQG has launched a suite of exclusive execution tools for market participants to achieve optimal trade execution, particularly for large or complex order types.

The fintech firm which caters to traders, brokers, commercial hedgers, and exchanges, has developed these features on top of the infrastructure of Blue Trading Systems (BTS), a company acquired by CQG in June 2020.

Barchart has recently launched a Microsoft Excel add-in that allows users to access extensive sets of price, technical, and fundamental market data across stocks, options, futures, currencies and crypto.

Named Barchart for Excel is the latest move by the provider of market data and trading technology to active traders and investors.

The Excel add-in also allows users to access their saved data such as Watchlists, Portfolios and Custom Views inside of Excel, as well as popular Lists, such as Today’s Top Stocks, Unusual Options Activity and Most Active Futures.

Read this next

Metaverse Gaming NFT

Despite crypto winter, Fastex grabs $23.2 million in Fasttoken token sale

Fasttoken, part of the Fastex web3 ecosystem, has secured $23.2 million in financing through the private and public token sales of its native cryptocurrency Fasttoken (FTN).

Digital Assets

Iran to repay Russian debts in gold-backed stablecoins

A high-ranking member of the Russian parliament confirmed reports that his country was in talks with Iran to create a stablecoin for foreign trade settlements, to replace the dollar, ruble and Iranian rial.

Digital Assets

SEC denies Cathie Wood’s bitcoin ETF for second time

The approval of a regulated crypto derivative is still looking far less likely, as the US regulators have once again denied Cathie Wood’s application for a long-awaited spot bitcoin exchange-traded fund (ETF).

Executive Moves

Pavel Spirin promoted to Scope Markets CEO following Rostro acquisition

Belize-based FX and CFDs brokerage Scope Markets has promoted Pavel Spirin to take on an expanded role as the company’s chief executive officer. He replaces the outgoing CEO Jacob Plattner, who has also been a major shareholder since he resigned his position as managing director at GKFX.

Retail FX

Public.com goes all-in on alternative investing, launches Rare Sneaker Portfolio

“The concept of curated Portfolios means that our members will be able to invest in categories like art, trading cards, royalties, and real estate without needing to become subject matter experts on individual assets.”

Industry News

State Street taps AWS and Microsoft for cloud and infrastructure solutions

“By standardizing and simplifying our technology operating model, we will be able to more quickly deploy client environments and launch new products and services, while continuing to enhance the resiliency of our technology environment and our business operations.”

Institutional FX

Bitpanda launches Investment-as-a-Service business for banks, fintechs, online platforms

“Financial institutions today have to ask themselves how they aim to cater the increasing demand for modern investing solutions. Building these Individually, means a high startup cost, and products that are often outdated before they are even launched.”

Institutional FX

Options expands market data feeds after partnership with Tools for Brokers

“Our integration with ACTIV Financial marked the beginning of a new era in market data availability and infrastructure. Our teams have come together to provide unparalleled, fully managed market data services alongside Options’ global connectivity and infrastructure.”

Industry News

Recruitment in financial services sector buoyant despite planned mass layoffs

“It remains to be seen what impact this will have on hiring levels within the financial services arena this quarter”, said APSCo, regarding the expected mass layoffs within the financial services sector in England & Wales. 

<