A new multi-asset trading platform, CQG One, was launched by the American provider of forex technology and software solutions CQG in collaboration with DriveWealth and Australian Direct FX. The platform offers real-time quotes on forex, futures, and exchange-listed equities, with a single point of custom pre-trade risk management, tailored by asset class across accounts.
“The intuitive solution will further enhance the overall trader experience, while providing an environment to trade asset classes that may have not been easily accessible to them before. This one-stop solution is perfect for traders looking to diversify and grow their trading portfolio,” said Joe O’Mara, CEO of Direct FX.
CQG One streams Direct FX’s rates, execution, and market information for its forex and futures feed, and DriveWealth provides the equity feed and clearing for the multi-asset trading platform. The solution also offers in-platform access to pattern recognition software, KnowVera’s Pattern Recognition software – P101.
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“DriveWealth is pleased to partner with Direct FX and CQG to provide investors worldwide with a multi-asset trading solution that incorporates exchange-listed equities, foreign exchange, and futures,” said Robert Cortright, Founder and CEO of DriveWealth, LLC. “We believe that giving international retail investors affordable access to a multi-asset trading platform will change the way people invest.”
Continuum Connect, the flagship data and trading API of CQG’s enterprise division, powers the platform, which leverages its co-located Hosted Exchange Gateways as well as access to over seventy-five sources for global market data and to over forty exchanges for trade routing.
“CQG One not only allows us to package the best of CQG’s existing advanced trading tools, market access, and trade routing into one platform, it also expands our trading capabilities to the equities asset class,” said Mike Glista, Vice President of Continuum, CQG’s enterprise division.
Earlier this year, CQG partnered with Ditto Trade, a robo-investing stock brokerage, so that its clients can trade equities directly from the same platforms and APIs they use for FX and futures.