Today, at the 26th Annual Futures and Options Expo in Chicago, CQG announced that its flagship product, CQG Integrated Client, now provides the ability to create complex order strategies that combine automated spreading, aggregation, and synthetic icebergs.
Traders can now initiate orders that take advantage of CQG's collocated order management servers to monitor multiple instruments across multiple exchanges. Traders also have the flexibility to automatically place and modify exchange orders according to their preferences and market conditions.
"Aggregation and synthetic icebergs use server-side technology to give traders the edge they need"
CQG was one of the first Independent Software Vendors to provide server-side management of spread orders last year. Server-side order management eliminates geographic latency inherent in client-side spreading tools and provides traders a significant advantage for trading interexchange spreads. CQG has now extended this technology to market aggregation and synthetic icebergs.
"CQG is the clear choice for server-side order management that is both extremely sophisticated and cost-effective," said Josef Schroeter, President of CQG. "The capability we give traders to develop complex strategies that combine spreading, aggregation, and synthetic icebergs is simply not available on any other ISV platform."
CQG's aggregation feature gives traders the ability to trade similar instruments across two or more exchanges by allowing CQG's server-side routing tools to manage their orders. Aggregation increases the size of the liquidity pool and improves the likelihood that a trader's order will be filled at the desired price.
Synthetic iceberg orders on CQG rely on server-side technology to place iceberg-style orders while monitoring the order book to recognize and react to favorable market conditions that last only a millisecond. Execution is optimized as a result of the speed of CQG's server-side order management tools.
"Aggregation and synthetic icebergs use server-side technology to give traders the edge they need," said Yuriy Shterk, CQG's Vice President of Product Development. "With each release of our software, we are adding increasingly sophisticated tools for traders."
The independent use of server-side spreading, aggregation, and synthetic icebergs is available immediately in version 8.3 of CQG Integrated Client, which entered general release this week. The ability to combine these features in a single order is available in the beta version of CQG Integrated Client version 8.4. General release of version 8.4 is scheduled for the first quarter of 2011.