Broadridge is acquiring CQG, aiming to offer end-to-end trading solutions for global futures and options markets.
The acquisition, which comprises CQG’s core global trading technology business, along with certain affiliated operating entities and assets, will add execution management, algorithmic trading and analytics services to Broadridge’s existing order management and client connectivity solutions.
CQG and Broadridge have had a strategic partnership integrating their order and execution management systems since 2023.
READ MORE: CQG and Broadridge to integrate their OMS and EMS
Frank Troise, president of Broadridge’s trading and connectivity solutions business, commented, “[The integration]” will create a unified platform in futures and options that simplifies trading complexity, improves transparency and workflow efficiency, and enhances Broadridge’s digital asset trading capabilities.”
The transaction is expected to close by Broadridge’s Q4, which ends in June.
In 2024, the firm launched its global futures and options trading platform and partnered with Transaction Network Services on market data management.
READ MORE: Broadridge partners with TNS for futures and options platform
Last June, Ken MacHarg was named managing director and global head of futures and options trading at the company.
