CQG senior executives to acquire company in transition plan
CQG, a renowned provider of high-performance technology solutions in the trading sector, announced a significant shift in its ownership structure with a group of its senior executives set to acquire the company.
In a landmark move, CQG, a leader in providing technology solutions for market participants, has entered into an agreement for its acquisition by a group of its senior executives.
This decision marks a new chapter for the company, which has been under the ownership of founder Tim Mather since its inception in 1980. The specifics of this transaction, expected to conclude within the month, remain undisclosed.
“This is a fantastic outcome for all of our stakeholders”
Planned in alignment with Mather’s readiness to step away, the ownership transition plan aims to ensure the company’s stability, maintain continuity of leadership, and fortify CQG’s dedication to innovation to better serve its clients.
Ryan Moroney, CEO of CQG, regards this development as a positive outcome for all stakeholders, attributing the success to Mather’s dedication to the business, its people, and its distinctive culture over four decades.
“Tim and I have been intently focused on a transition plan when he was ready to step away that would put the company in the strongest position while serving the best interests of our customers and employees. We’re truly excited about this agreement, which ensures stability, continuity of leadership, control of our own destiny and reinforcement of our commitment to innovation to meet our clients’ needs going forward. This is a fantastic outcome for all of our stakeholders, and we’re so grateful to Tim for his integrity and unwavering devotion to the business, our people and our unique culture for more than four decades.”
CQG plans to launch Equity Options in Q1 2024
CQG has been on a robust growth path, bolstered by new strategic partnerships, expanding product offerings, and increased market connectivity. Moroney, who assumed the CEO role in 2021 after serving as President since late 2017, expressed confidence in the existing senior leadership team’s capabilities to steer CQG forward.
Founded in 1980, CQG initially provided front-end trading software to U.S. traders. It expanded into Europe in 1988 and Asia in 1998, significantly growing its products, services, and client base over the last two decades.
Based in Denver, the firm operates sales and support offices and data centers in key financial centers globally, including Chicago, New York, London, Frankfurt, Tokyo, Sydney, Singapore, and Shanghai. CQG services are available in over 60 countries, illustrating its extensive global footprint.
FinanceFeeds spoke with CQG’s Ryan Moroney at FIA EXPO 2023, where he revealed that the company plans to introduce support for Equity Options trading by Q1 2024.
