CME Europe Coming Soon, CQG Connects for FX Trading

Trade routing and market data firm, CQG, becomes the latest firm to announce that it is providing market data and execution gateway connections for CME Europe, which according to CQG, will be launching live on September 29th, subject to FCA approval. CME Europe, is the CME Group’s London based exchange that is targeting UK and European based financial institutions. On its inception, CME Europe will offer access to 30 of its FX futures trading products, before launching contracts in additional assets.

According to CQG, the company will be providing trade routing for CQG’s non-US entity customers who are CME Europe members, while providing market data to its global customer base. As an independent software vendor (ISV), CQG customers will be able to connect to CME Europe, using CQG solutions. The company will be co-locating its servers with CME Globex to ensure “the highest speed of data delivery and order execution and management”

Commenting in their public statement, Ryan Moroney, Product Manager for Market Data at CQG, said: “The launch of CME Group’s first exchange abroad is an exciting time for us as an ISV, and we look forward to delivering an excellent customer experience from the outset. Our connection to CME Europe will be of particular interest to foreign exchange traders executing orders through CQG’s hosted infrastructure, and can now take advantage of expanded access to global Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term.”

In terms of client interest in CME Europe, before its launch, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term Magnates reached out to CQG to learn more. As of publishing time, the company has yet to answer, and we will update this post as we find out more information.