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CQG links up with Nasdaq, announces INE access to Chinese commodities

CQG expands its footprint with Nasdaq, INE agreements

3 min read

Modern Money


CQG announces deal with Nasdaq (Don Emmert/Getty Images)

CQG, a leading provider of tools for trading, market data, and technical analysis, announced a new partnership with Nasdaq’s NFX to enable traders to access the market via CQG Desktop. The link up offers customers direct trading of NFX-listed products free of charge.

“We connect to more than 80 exchanges around the world, including NFX. They came to us needing an NFX front-end to offer directly to their customers; which was a perfect fit for our new CQG Desktop solution.  We look forward to helping them grow their business,” Pat Kenny, SVP of Client Relations for CQG, explained on the sidelines of the 43rd Annual International Futures Industry conference in Boca Raton, Fla.

“Nasdaq is committed to building the futures market of tomorrow. That’s why we’ve partnered with CQG to create a solution for clients that offers best-in-class technology at a lower cost,” said Rick Beaman, vice president and head of Nasdaq Futures. “This partnership is a great example of how we’re reimagining the evolution of NFX and the opportunities for clients.”

Earlier this week, CQG announced pending access to the soon-to-launch Shanghai International Energy Exchange (INE). The CQG China division will provide investors outside of China access to this new INE market in addition to giving traders within China access to price locks on oil. CQG China is providing first-ever outside access to a Chinese commodities market.

“This is the first of what we think will be many opportunities in China,” explained Ryan Moroney, president of CQG Europe & the Americas. “We anticipate other exchanges will follow a similar path to opening up to the international community. So as China continues to open its markets, there is potential for us to serve both foreign and domestic customers.”

Currently, CQG is working on future offerings that will provide expanded access to China’s markets for international traders.

“This is an important development in the oil industry as China continues to grow its involvement in the energy sector,” said Kelvin Chia, manager, CQG China. “We are thrilled to offer the INE to our customers as we continue to expand our global footprint and offering in the energy markets as well as in China.”

CQG provides Direct Market Access to 45-plus exchanges worldwide. The CQG market data feed taps more than 75 sources from across the globe covering options, futures, options, foreign exchange, equities, debt securities, industry reports, financial indices and fixed income.