CQG today announced that it will provide an ultra-low latency trade execution interface for BGC Partners' U.S. Treasury Benchmarks on BGC's proprietary electronic trading platform, eSpeed.
CQG's hosted trading gateways have been collocated with BGC's eSpeed platform to provide traders with fast access to one of the leading electronic platforms for cash U.S. Treasury securities.
"CQG is pleased to be working with BGC Partners to develop an exceptional solution for U.S. Treasury traders," said Rod Giffen, CQG's Global Head of Sales and Support. "The addition of BGC's eSpeed marketplace to CQG's existing network of Hosted Exchange Gateways makes CQG a complete solution for trading U.S. interest rate products."
"We're very pleased that CQG has been selected as a member of BGC's "preferred vendor program", and excited to be extending the reach of our electronically-traded products to their global users," said Robert Brown, Global Head of eBusiness Integration for BGC Partners. "By leveraging the analytics, charting, and spread capabilities of the CQG product suite, traders will be able to integrate BGC's U.S. Treasuries into their strategies."
BGC Partners' eSpeed platform was the pioneering technology for electronic trading of U.S. Treasuries. Today, the flexibility of BGC's technology enables it to offer a range of electronic fixed income and other products, including international government bonds, foreign exchange, and derivatives.
CQG clients wishing to trade BGC's U.S. Treasury products will be able to take advantage of CQG's network of Hosted Exchange Gateways. Expanding on its industry-leading analytics software and market data feeds, CQG has established an extensive network of Direct Market Access servers in order to provide traders with the best possible infrastructure and integrated front-end for trade execution. CQG's hosted distributed trading gateways are installed around the globe in close proximity to the matching engines of major exchanges, providing a secure, low-latency order routing service that is built and maintained by CQG for the benefit of traders worldwide.
Traders will also benefit from CQG's recent innovations in spread trading. The server-based CQG Spreader is a tool for spread traders needing sophisticated order management and ultra low-latency trade execution. Using CQG Spreader, traders can easily create and manage multi-legged, inter-market, and cross-exchange spreads. CQG's Spreader Core (collocated servers at the exchanges) uses proprietary algorithmic rules to manage working legs of the spread. Bid/Ask queues per leg in the exchange's order book are monitored by the spread servers for liquidity. The close proximity of the core to the exchange servers allows modification and execution of spread legs to occur in less than a millisecond.