CQG Collaborates with Broadridge for OMS and EMS Technologies Integration

CQG, a leading global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, announced that it has formed a partnership global Fintech leader Broadridge Financial Solutions, Inc. (Broadridge).

Under the partnership agreement, CQG's front-end trading technology Execution Management System (EMS) and Broadridge's Order Management System (OMS) will be integrated, and together with the NYFIX global trading network, they will serve institutional customers who wish to take advantage of a full front-, middle- and back-office technology suite.

According to CQG's official announcement, the company has completed a FIX connection with Broadridge, which facilitates the direct transfer of order flow from CQG to Broadridge's infrastructure for routing to its network of exchanges and liquidity providers. Additional development underway will complete the effort to allow for seamless workflow between the two systems. Viewing and managing orders will be achievable and in-sync in either system.

Ryan Moroney, CEO of CQG, said: "We believe this strategic partnership will bring ease along with significant savings opportunities to our mutual customers. Rather than making a choice between an OMS and an EMS, customers will be able to deploy an enterprise solution that offers both to their internal desks and clients alike."

Last October, CQG also integrated its front-end trading platform with the back-end trade execution system of Lime Trading Corp.​, a technology-driven agency-only execution broker-dealer, giving its clients the ability to seamlessly access Lime's low-latency execution services and gateways to a full range of U.S. exchanges and dark pool venues for equity trading. Meanwhile, the company has further developed its cryptocurrency business and collaborated with NUTS Finance​, a blockchain development lab, to launch a Web3-based innovation lab focused on developing decentralized cryptocurrency infrastructure and trading solutions for institutional investors.