Broadridge to Acquire Futures and Options Trading Tech Provider CQG

Monday, 09/02/2026 | 04:47 GMT by Arnab Shome
  • The acquisition will see Broadridge’s offerings add complementary execution management, algorithmic trading, and analytics capabilities from CQG.
  • The deal’s financial terms remain undisclosed, but it is expected to close between April and June.
CQG Emerges First ISV to Join FIA Tech’s Databank Network
CQG

Broadridge Financial Solutions (NYSE: BR) has agreed to acquire CQG, a provider of futures and options trading, execution management, and market connectivity. Under the deal, Broadridge will acquire CQG’s core global trading technology business.

The deal is expected to close in Broadridge’s fiscal fourth quarter, between April and June, but the financial terms were not disclosed. The New York-listed company is not expecting any material impact on its results from the acquisition.

Complementary to Existing Services

Announced today (Monday), the acquisition will see Broadridge’s offerings add complementary execution management, algorithmic trading, and analytics capabilities from CQG.

Frank Troise, President of Broadridge’s Trading and Connectivity Solutions business

“Integrating CQG’s advanced execution management, analytics, and connectivity technologies with Broadridge’s leading order management and connectivity solutions,” said Frank Troise, President of Broadridge’s Trading and Connectivity Solutions business, “will create a unified platform in futures and options that simplifies trading complexity, improves transparency and workflow efficiency, and strengthens Broadridge’s digital asset trading capabilities.”

Furthermore, with the acquisition, Broadridge, itself a trading technology provider, will expand its offerings to clients, including futures commission merchants (FCMs), institutional investors, retail brokers, proprietary trading firms, commodity trading advisers (CTAs), and hedge funds.

According to Broadridge, its technology and operations platforms process and generate more than 7 billion communications annually and support daily average trading of over $15 trillion across asset classes.

The acquisition follows CQG’s recent deals with several well-known brokers, offering enhancements to their futures and options services. CQG also provides Direct Market Access (DMA) to more than 45 exchanges.

Everyone Wants to Expand into Futures and Options

Broadridge’s latest move into futures and options trading highlights growing demand in this sector.

Last year, crypto exchange Kraken acquired the US-regulated futures trading platform NinjaTrader for $1.5 billion.

Meanwhile, Plus500 is also expanding aggressively in the US futures and options market, following its entry into the sector in 2021 through local acquisitions. The London-listed company has also expanded futures and options products globally, but through contracts for differences (CFDs).

IG is another CFD-heavy broker aiming to enter the US futures and options market after acquiring tastytrade for $1 billion. Several other CFD brokers have also recognised the growing interest in futures and options trading. AvaTrade launched a dedicated futures platform, while Scope Prime recently launched futures and options trading for institutions.

Broadridge Financial Solutions (NYSE: BR) has agreed to acquire CQG, a provider of futures and options trading, execution management, and market connectivity. Under the deal, Broadridge will acquire CQG’s core global trading technology business.

The deal is expected to close in Broadridge’s fiscal fourth quarter, between April and June, but the financial terms were not disclosed. The New York-listed company is not expecting any material impact on its results from the acquisition.

Complementary to Existing Services

Announced today (Monday), the acquisition will see Broadridge’s offerings add complementary execution management, algorithmic trading, and analytics capabilities from CQG.

Frank Troise, President of Broadridge’s Trading and Connectivity Solutions business

“Integrating CQG’s advanced execution management, analytics, and connectivity technologies with Broadridge’s leading order management and connectivity solutions,” said Frank Troise, President of Broadridge’s Trading and Connectivity Solutions business, “will create a unified platform in futures and options that simplifies trading complexity, improves transparency and workflow efficiency, and strengthens Broadridge’s digital asset trading capabilities.”

Furthermore, with the acquisition, Broadridge, itself a trading technology provider, will expand its offerings to clients, including futures commission merchants (FCMs), institutional investors, retail brokers, proprietary trading firms, commodity trading advisers (CTAs), and hedge funds.

According to Broadridge, its technology and operations platforms process and generate more than 7 billion communications annually and support daily average trading of over $15 trillion across asset classes.

The acquisition follows CQG’s recent deals with several well-known brokers, offering enhancements to their futures and options services. CQG also provides Direct Market Access (DMA) to more than 45 exchanges.

Everyone Wants to Expand into Futures and Options

Broadridge’s latest move into futures and options trading highlights growing demand in this sector.

Last year, crypto exchange Kraken acquired the US-regulated futures trading platform NinjaTrader for $1.5 billion.

Meanwhile, Plus500 is also expanding aggressively in the US futures and options market, following its entry into the sector in 2021 through local acquisitions. The London-listed company has also expanded futures and options products globally, but through contracts for differences (CFDs).

IG is another CFD-heavy broker aiming to enter the US futures and options market after acquiring tastytrade for $1 billion. Several other CFD brokers have also recognised the growing interest in futures and options trading. AvaTrade launched a dedicated futures platform, while Scope Prime recently launched futures and options trading for institutions.

About the Author: Arnab Shome
Arnab Shome
  • 7279 Articles
  • 133 Followers
About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 7279 Articles
  • 133 Followers

More from the Author

Retail FX

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}