CQG, a
provider of trading, market data and technical analysis tools, has announced a
strategic parentship with Broadridge Financial Solutions, a publicly-listed fintech
company from the United States. Both companies will integrate their Order
Management System (OMS) and Execution Management System (EMS).
The
forthcoming collaboration between CQG’s front-end trading technology,
Broadridge’s Order Management System, and the NYFIX network will present an all-in-one
solution for institutional clients looking to benefit from a comprehensive
front-, middle-, and back-office technology package. This partnership aligns
with Broadridge’s open architecture approach to the OMS and will be the first
of its kind in the industry.
CQG has
established a FIX connection into Broadridge to facilitate direct order flow
from CQG to Broadridge’s infrastructure, which can be directed to its network
of liquidity providers and exchanges.
“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,” Ryan Moroney, the CEO of CQG,
commented.
The ongoing
development will integrate the two systems seamlessly, allowing for smooth
order flow and management across the platforms. This enables clients to stage,
combine and group orders, implement algorithmic logic to existing ones and manage
allocations. Typically, clients had to integrate various technology providers
to create a tailored solution, which comes with additional effort and costs to
make these tools work together.
“Together,
CQG and Broadridge look forward to enhancing the workflow of their
institutional customers and providing best-in-class execution and order
management,” Moroney added.
Broadridge Inks Another
Cooperation
For
fintech-based Broadridge, this is at least the fourth industry collaboration
established in 2023. In February, it joined forces with Point Focal, an
analytics solution provider, to offer clients advanced alternative data-driven
quantitative insights and portfolio analytics.
A few weeks
earlier, Broadridge extended its partnership to IGM Financial, allowing
further use of Broadridge’s R.Broker solution and cooperated with LiquidX to
develop InBlock TradeOps, a business process outsourcing (BPO) service.
In the
meantime, the company leveraged the capabilities of Glue42’s desktop
integration platform to offer its customers a better user experience.
The newest integration is available in the UK, but it will launch in
the US and EU soon.
On top of that, CQG reported a new development recently, announcing the cooperation with NUTS
Finance, a blockchain development firm. The companies launched Optio Research to
develop trading solutions and decentralized crypto infrastructure for
institutional-grade traders.
The
solutions for brokers provider sees the growing potential in
Web3 and blockchain technology and the rising demand from institutional investors.
Optio Research lab is an answer to Broadridge’s needs, and it wants to build a bridge
between traditional finance (TradFi) and decentralized space (DeFi).
CQG, a
provider of trading, market data and technical analysis tools, has announced a
strategic parentship with Broadridge Financial Solutions, a publicly-listed fintech
company from the United States. Both companies will integrate their Order
Management System (OMS) and Execution Management System (EMS).
The
forthcoming collaboration between CQG’s front-end trading technology,
Broadridge’s Order Management System, and the NYFIX network will present an all-in-one
solution for institutional clients looking to benefit from a comprehensive
front-, middle-, and back-office technology package. This partnership aligns
with Broadridge’s open architecture approach to the OMS and will be the first
of its kind in the industry.
CQG has
established a FIX connection into Broadridge to facilitate direct order flow
from CQG to Broadridge’s infrastructure, which can be directed to its network
of liquidity providers and exchanges.
“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,” Ryan Moroney, the CEO of CQG,
commented.
The ongoing
development will integrate the two systems seamlessly, allowing for smooth
order flow and management across the platforms. This enables clients to stage,
combine and group orders, implement algorithmic logic to existing ones and manage
allocations. Typically, clients had to integrate various technology providers
to create a tailored solution, which comes with additional effort and costs to
make these tools work together.
“Together,
CQG and Broadridge look forward to enhancing the workflow of their
institutional customers and providing best-in-class execution and order
management,” Moroney added.
Broadridge Inks Another
Cooperation
For
fintech-based Broadridge, this is at least the fourth industry collaboration
established in 2023. In February, it joined forces with Point Focal, an
analytics solution provider, to offer clients advanced alternative data-driven
quantitative insights and portfolio analytics.
A few weeks
earlier, Broadridge extended its partnership to IGM Financial, allowing
further use of Broadridge’s R.Broker solution and cooperated with LiquidX to
develop InBlock TradeOps, a business process outsourcing (BPO) service.
In the
meantime, the company leveraged the capabilities of Glue42’s desktop
integration platform to offer its customers a better user experience.
The newest integration is available in the UK, but it will launch in
the US and EU soon.
On top of that, CQG reported a new development recently, announcing the cooperation with NUTS
Finance, a blockchain development firm. The companies launched Optio Research to
develop trading solutions and decentralized crypto infrastructure for
institutional-grade traders.
The
solutions for brokers provider sees the growing potential in
Web3 and blockchain technology and the rising demand from institutional investors.
Optio Research lab is an answer to Broadridge’s needs, and it wants to build a bridge
between traditional finance (TradFi) and decentralized space (DeFi).
