CQG, Inc. today announced its planned connectivity to CME Europe Ltd, CME Group's forthcoming London-based derivatives exchange launching September 29, 2013, subject to Financial Conduct Authority approval.
CQG will offer both high-speed market data and trade execution connectivity to CME Europe from the September 29 launch.
"The launch of CME Group's first exchange abroad is an exciting time for us as an ISV and we look forward to delivering an excellent customer experience from the outset," said Ryan Moroney, Product Manager for Market Data at CQG. "Our connection to CME Europe will be of particular interest to foreign exchange traders executing orders through CQG's hosted infrastructure who can now take advantage of expanded access to global liquidity."
Trade routing to CME Europe will be available to CQG's non-US entity customers, which are CME Europe members, while the high-speed market data feed will be available to the company's entire global customer base. CQG's co-location with CME Globex ensures the highest speed of data delivery and order execution and management. Spread traders and traders executing aggregated strategies can expect a superior level of server-side performance.
CME Europe will launch with an initial offering of thirty pairs of foreign exchange futures and spreads. Clearing services will be managed by CME Group's Bank of England-regulated CME Clearing Europe Ltd clearing house.
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