CQG joins FIA Tech’s network of vendors, exchanges, clearinghouses to unify reference data

Rick Steves

“This partnership is a further example of FIA Tech’s commitment to supporting the ISV community to further our mission to bring innovation to the derivatives industry”.

CQG has joined the FIA Tech Databank Network, thus bringing its expertise in high-performance technology solutions for traders, brokers, commercial hedgers and exchanges.

Databank Network is FIA Tech’s initiative to bring together independent software vendors (ISVs), exchanges, clearing houses and other data providers into an interoperable global network. CQG is the first ISV to join the network.

The network unifies reference data from over 80 exchanges and central counterparties (CCPs) globally, leading index providers including FTSE, MSCI, S&P and STOXX, and data vendors EDI and Factset.

CQG platforms will be fully interoperable with all FIA Tech services

By incorporating CQG symbology into the global product reference data maintained on the Databank Network, CQG platforms will be fully interoperable with all FIA Tech services as well as other future ISV participants in the Databank Network.

The databank provides firms with a cross-reference of exchange and vendor product symbologies, which can be used by subscribers to simplify integration of systems from best of breed providers, communicate more easily with clients and counterparties, and simplify integration to FIA Tech services.

Andrew Castello, Head of Reference Data at FIA Tech, said: “We are thrilled that CQG is joining Databank Network and CQG customers will have ready access to the industry services FIA Tech provides. This partnership is a further example of FIA Tech’s commitment to supporting the ISV community to further our mission to bring innovation to the derivatives industry.”

Pat Kenny, Senior Vice President of Client Relations at CQG, said: “We are delighted to join the Databank Network as the first ISV. We’re pleased to be part of this industry-wide, global solution to streamline information for market participants and appreciate FIA Tech’s leadership on this effort.”

CQG revamps platform

CQG has recently revamped its platform with new features, including decimal points for volume displays throughout (cryptos, preference to show group/country/region code for symbols.

The revamped terminal also added a new option to cancel orders on logoff, and improved functionality to download order reports with several criteria.

The new updates offer CQG users many of the benefits available from existing bespoke platforms, but with the efficiency of a customizable backend. Brokers are now able to determine everything from the layout and set-up, including the back-end configurations and user interface.

The firm also added a ‘Volume Profile’ study for its newest trading platform, CQG One. The phased roll-out introduces a cloud-based platform with access to CQG Algos, new analytics features, custom formulas, price alerts and a spreader.

The new product combines the ease of use of CQG’s retail-oriented terminal with market data, charting, visualization and advanced features of its flagship professional trading platform, CQG Integrated Client.

CQG One caters mainly to professional traders and institutional investors, acting as a multi-asset, multi-broker platform that offers a comprehensive set of pre-built algorithmic order types. The Denver-based firm made the new platform available through traders’ futures commission merchants (FCMs) beginning in April, with new functionality added throughout the year.

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