CQG and Continuum Partner with AlgoFast
Continuum and CQG announced a partnership with AlgoFast to supply AlgoFast’s algorithmic event trading software with CQG’s global market data and trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term capabilities.
Launched in 2012, AlgoFast’s trading software offers high-speed, event-based algorithmic trade execution, incorporating news from more than 1,200 indicators worldwide. Through the CQG Integrated Client and CQG Trader API’s, AlgoFast receives real-time market data via CQG’s feed. Using this robust feed, the AlgoFast platform is able to swiftly integrate market data with its wide range of indicators to power algorithmic execution strategies. These event-triggered strategies are routed to CQG’s global network of co-located Hosted Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Gateways for low-latency execution.
“CQG’s hosted infrastructure, with its speed and responsiveness, is an excellent match for AlgoFast’s performance requirements,” said Mike Glista, CQG's Director of Order Routing and Vice President of Continuum. “Success in the event-based algorithmic trading space hinges on timely reactions and demands this speed and responsiveness. We look forward to providing the sophisticated AlgoFast platform with this service through our CQG API products.”
“AlgoFast is excited to partner with CQG and Continuum given their execution capabilities, global reach, and track record of innovative solutions,” said AlgoFast Founder Justin Bouchard. “The novel event-based trading capabilities of AlgoFast will provide CQG’s user base the ability to set predetermined trading strategies based on economic indicators from over thirty countries. AlgoFast’s existing user base executing on the CME is eager to take advantage of the forty-plus exchanges offered on the CQG and Continuum network.”
By integrating with both the CQG Integrated Client and CQG Trader APIs, CQG customers using either platform can take advantage of this functionality, running AlgoFast side-by-side with CQG.
Continuum and CQG announced a partnership with AlgoFast to supply AlgoFast’s algorithmic event trading software with CQG’s global market data and trade Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term capabilities.
Launched in 2012, AlgoFast’s trading software offers high-speed, event-based algorithmic trade execution, incorporating news from more than 1,200 indicators worldwide. Through the CQG Integrated Client and CQG Trader API’s, AlgoFast receives real-time market data via CQG’s feed. Using this robust feed, the AlgoFast platform is able to swiftly integrate market data with its wide range of indicators to power algorithmic execution strategies. These event-triggered strategies are routed to CQG’s global network of co-located Hosted Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term Gateways for low-latency execution.
“CQG’s hosted infrastructure, with its speed and responsiveness, is an excellent match for AlgoFast’s performance requirements,” said Mike Glista, CQG's Director of Order Routing and Vice President of Continuum. “Success in the event-based algorithmic trading space hinges on timely reactions and demands this speed and responsiveness. We look forward to providing the sophisticated AlgoFast platform with this service through our CQG API products.”
“AlgoFast is excited to partner with CQG and Continuum given their execution capabilities, global reach, and track record of innovative solutions,” said AlgoFast Founder Justin Bouchard. “The novel event-based trading capabilities of AlgoFast will provide CQG’s user base the ability to set predetermined trading strategies based on economic indicators from over thirty countries. AlgoFast’s existing user base executing on the CME is eager to take advantage of the forty-plus exchanges offered on the CQG and Continuum network.”
By integrating with both the CQG Integrated Client and CQG Trader APIs, CQG customers using either platform can take advantage of this functionality, running AlgoFast side-by-side with CQG.