CQG Releases New PanXchange Widget on CQG Desktop for OTC and listed products

Seamlessly taking positions and managing risk across listed and OTC markets has to be the way forward for many brokers.

chicago-based electronic trading technology provider CQG and PanXchange, a Denver-based over-the-counter (OTC) physical commodity exchange and price discovery platform, today announced the launch of a new PanXchange widget within the CQG Desktop platform. The offering gives CQG’s global clients direct access to PanXchange’s premium benchmarks and analysis content for hemp, frac sand and East African OTC commodities.

The move builds on a partnership PanXchange and CQG established in 2019, providing CQG clients access to pricing data for the industry’s first official benchmark in frac sand.

Julie Lerner, PanXchange Founder and CEO, said: “I’m thrilled to be expanding our partnership with CQG to share our benchmark prices and fundamental analysis for these agricultural products. CQG is a leading provider of trading and risk management solutions to the largest trading and brokerage shops worldwide. We trust that our data will prove to be a significant value-add to its network of commodity traders around the globe.”

CQG President Ryan Moroney said: “We’re excited to offer our clients access to pricing and analysis based on PanXchange’s unique products, which continue to grow in popularity. This embedded widget further strengthens our ability to serve clients in the energy, physical commodity and OTC space as well as to provide an opportunity for users to seamlessly take positions and manage risk across listed and OTC markets.”

There is most definitely an important synergy between OTC derivatives firms and the Chicago-based listed derivatives giants.

Many brokerages, especially those which do not wish to invest in their own trading infrastructure and then spend an equal amount of resources supporting it, are almost in a self-perpetuating rut, in which they are reduced to accept a limited appeal by highly experienced traders, accepting instead a high rate of churn, and a lot of service-heavy low end clients in third tier regions who have all been approached by literally hundreds of identical entities, offering the same spot products via the same sales-led method, including the same pitches, the only differentiating factor being the brand name on the platform.

This is a status quo, because many small to medium sized retail brokers do not wish to become involved in software development, or have the expense of maintaining a separate exchange trading platform along with membership fees and clearing charges, only to find that their existing clients and those which are the potential target market for such brokerages only want to use MetaTrader 4 and 5 as they are used to it for many years.

Those days are over, and a new and very much game changing era is here, in which retail brokers in all regions can now offer multi-asset trading as well as their existing product range, all via front ends including CQG Desktop,  Netdania mobile, and MetaTrader 5.

The mere point that the solution, launched in 2018, operates via a B2B integration to the CQG API to stream tradable FX, US equities and Futures prices via MT5, CQG and NetDania platforms certainly shows that the methodology for brokers to maintain their existing infrastructure and approach listed derivatives traders is of great interest to the exchange industry, as well as being vital to the retail FX and OTC electronic trading sector for important growth and elevation of quality of client bases.

That particular system is a 100% turnkey solution, including all of the technology, regulatory compliance, and banking solutions, and has the EU Level 3 license which offers the following unique opportunities to the small and medium broker. A multi-asset solution developed through a combination of unique participants with CQG as a centerpiece.

Now, with the firm adding PanXchange widget which includes OTC derivatives, the path is even clearer for firms to reach a good quality audience of exchange traders.

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