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.
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.
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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.
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.