CQG, a provider of forex technology and software solutions, announced today the launch of a global equities partnership with Ditto Trade, a robo-investing stock brokerage firm. The two companies have integrated US equities trading capabilities on the same platforms and APIs that CQG’s customers currently use to trade futures and FX.
In addition to execution, Ditto Trade’s technology enables investors to follow the actual trades of a lead trader. Investors can decide whether to participate fully in the lead trader’s trades or to receive actionable mobile alerts for review. The platform also offers the ability to instantly sync to another trader’s portfolio on a percent-by-percent basis. Customers can identify themselves as potential lead traders, allowing other investors to follow their trades or alerts from within the CQG platform, providing a new source of trade monetization.
“Providing CQG’s futures and FX customers seamless access to the equites markets builds on CQG’s history of offering innovative solutions in the financial industry,” said Jon Rosenberg, CEO of Ditto Trade. “By utilizing Ditto Trade’s technology and mobile platforms, users of CQG’s platforms have more alternatives with increased flexibility and control.”
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Continuum Connect, the flagship data and trading API of CQG’s enterprise division, powers the Ditto Trade application. Traders will be able to use any Continuum APIs to send equity orders into CQG’s infrastructure for equity trading. The firms also say that they offer connections to more than one hundred FCM (Futures Commission Merchant) partner environments.
“We are delighted to be working with Ditto Trade to expand our range of trading capabilities across asset classes for our customers,” said Mike Glista, CQG’s Director of Trade Routing. “We are constantly striving to lead the industry with cutting-edge software and world-class customer support in everything we do.”
Last year, CQG launched its own automated trading platform. The platform, CQG AutoTrader, is a proprietary trading execution engine that allows customers to execute numerous trading strategies simultaneously.