CQG to Provide Nasdaq Fixed Income with Front-End via CQG Desktop

CQG, a provider of trading, market data and technical analysis tools, announced on Monday that it has teamed up with Nasdaq Fixed Income (NFI) and will provide the official front-end for NFI’s US Treasury Benchmark products via CQG Desktop.

The partnership follows on from its agreement with Nasdaq Futures Exchange (NFX) earlier this year, which allows NFX to use the CQG Desktop as its front-end Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.

NFI covers US Treasury Data and operates a completely anonymous market. It uses a central limit order book which matches orders in price/time priority, providing equal access to participants.

Nasdaq supplies real-time, intraday, end-of-day data formats as well as historical and indicative to NFI. According to the statement, it is a leading electronic trading platform for cash US Treasury securities. This includes T-Bills, T-Notes, T-Bonds, and Off-the-run Swaps Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Swaps can be defined as a derivate contact composed of two parties that exchange to cash flow between two separate financial instruments.They are generally divided into two categories. This includes contingent claims (options) and forward claims, where forward contracts, swaps, and exchange-traded funds (ETFs) are exchanged. Commodity price, equity price, interest rate, and foreign exchange rate are common variables used as one of the cash flows in swaps upon initiation. Different Types of Swaps Read this Term.

Commenting on the partnership, Alli Brennan, the Chief of Staff at CQG said: "our partners at Nasdaq were looking for a next generation front-end trading platform for their Fixed Income customers. CQG Desktop provides easy-to-use trading tools, with added features including CQG's best-in-class charting and data visualization."

CQG Partners with ErisX

CQG provides solutions for trading, global market data and technical analysis. Since its inception, it has partnered with a large number of futures brokerage and clearing firms. Through these collaborations, the firm gives direct market access to more than 45 exchanges through its global network.

Only last week, Finance Magnates reported that the company would provide ErisX, a regulated derivatives exchange, with a front-end trading desktop. By doing this, the company will help facilitate the creation of the ErisX exchange, a regulated derivatives exchange and clearing organization that will facilitate the trading of digital asset futures and spot contracts on a single trading platform.