New version of CQG becomes available

Maria Nikolova

The pilot release comes with new features such as Server-side Bracket Orders and Estimated Place in Queue.

Provider of high-performance trading, market data, and technical analysis tools CQG has announced that a new version of CQG is available now. The latest pilot release contains exciting new features and enhancements.

Let’s note that CQG only forces an upgrade to a new version once a year. However, the company knows that many of its customers want to make use of new functionality more frequently, so it releases pilot versions to give them access to new features and functionality, as they are available.

The list of new features and enhancements in the CQG Midyear Release includes:

  • Estimated Place in Queue

CQG’s professional trading customers need to know where their order sits amongst the rest of the orders working at the exchange. CQG’s powerful algorithms calculate an estimated place in queue, giving them an edge in the market.

  • Fenics Exchange

CQG has connected to the Fenics exchange, making their highly anticipated US Treasury products available to customers. Fenics offers the tightest tick size available in US Treasuries, 1/16th of 1/32nd.

  • Server-side Bracket Orders

Bracket Orders give CQG customers an added level of security, allowing them to set profit and loss targets around an order to ensure customers get the price they need. Bracket orders now reside on CQG’s co-located servers making this order type even more powerful. The brackets will continue to work even if one’s platform is not running.

  • CQG & Microsoft Excel Integration

The full integration with Microsoft Excel allows traders to push data and actions from Excel back into CQG. Access any data set for analysis in CQG, build custom studies based on external data sets, create automated trading strategies, and much more.

  • Additional Modification of Parked Orders

‘Park Until’ order types can be modified to Park indefinitely without the need to activate the order or cancel it.

In March this year, CQG’s 2018 Version of the Year was rolled out. The new features included algorithmic strategies from firms including BAML, Quantitative Brokers, Wedbush and RCM, which became available on CQG Integrated Client and Qtrader, as well as transaction Cost Analysis (TCA) reports and other algo analytics. There were also updates to aid CQG clients as they work to meet various compliance obligations associated with the European Union’s Markets in Financial Instruments Directive (MiFID II).

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