CQG connects to TurkDex
CQG, the industry-leading order execution, charting, and analytics provider for global, electronically-traded futures markets, and the Turkish Derivatives Exchange (TurkDEX), the first private exchange in Turkey, have partnered to provide low-latency trade routing and consolidated market data access for TurkDex derivatives contracts through CQG's advanced trading platforms, the companies announced today.
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CQG's hosted trading gateway provides traders with fast and highly cost-effective access to TurkDEX ISE-100 Index, ISE-30 Index, TRYEuro, and TRYUSDollar contracts. CQG customers can route orders to the exchange using the CQG Integrated Client and CQG Trader. Spread traders also have the opportunity to easily create, trade, and manage both inter- and intra-exchange spread strategies for the TurkDEX products via the server-side CQG Spreader, CQG's industry-leading, low-latency spreader product.
"The connectivity to TurkDEX further positions us toward our goal to provide worldwide market access with the lowest possible latency and highest possible reliability," said Mike Glista, CQG's Director of Order Routing. "Both local and international traders will benefit from our superior order execution tools and seamless trading access to the Turkish Derivatives Exchange."
The Futures Industry Association, of which TurkDEX is a member, ranked TurkDEX as the twenty-fourth top derivates exchange for 2009 with over 45% growth in futures and options contracts traded or cleared.