CQG, a Denver-based provider of technology for integrating market data, technical analysis and trade routing, has expanded its list of direct trading connections to enable its clients to trade energy markets through connectivity to the US futures exchange Nodal Exchange Holdings.
Effective today, foreign investors will be able to use CQG’s platforms, including its flagship CQG Integrated Client, to place orders and trade the new Nodal contracts. In addition, CQG’s partnership will enable Nodal Exchange to tap the Deutsche Börse Group’s T7 trading system later this year.
CQG’s network of electronic trading gateways provide traders with market data, graphical analysis, and low-latency trading access to a global network of futures and options exchanges as well as fixed income and foreign exchange markets.
In addition, the latest connectivity strengthens the vendor’s push into the region, offering a significant destination for CQG customers who want to capitalize on diverse global markets.
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Founded in 2007, Nodal Exchange is a derivatives exchange providing price, credit and liquidity risk management to participants in the North American energy markets. The regulated exchange currently offers over 1,000 contracts on hundreds of different locations, providing market participants with effective risk management tools.
All transactions on the exchange are cleared through its clearing house, Nodal Clear, which is a CFTC-registered derivatives clearing organization (DCO).
Commenting on the news, Paul Cusenza, Chairman and CEO of Nodal Exchange, said: “Nodal Exchange is continuously striving to best meet the growing and evolving needs of the markets we serve. In this vein, Nodal Exchange is making significant trading technology enhancements in 2018 by implementing the T7 matching engine and enabling participants to connect via CQG at no charge.”
“We’re pleased to partner with Nodal Exchange to provide our cutting-edge trading products direct to its customers. CQG has been a leading provider in the energy markets for decades, with a recent expansion into the power and environmental sector; making our technical analysis tools the best option for Nodal’s customers,” added Ryan Moroney, President of CQG EMEA and the Americas.