CQG and Deltix team on market data and trade execution

Source: CQG

CQG, the industry-leading order execution, charting, and analytics provider for global, electronically-traded securities, announced at the FIA/FOA International Derivatives Expo today the partnership between CQG's Continuum division and Deltix, making CQG's global market data and trade routing infrastructure available to Deltix clients.

"Deltix is a significant addition to our list of Continuum partners," said Mike Glista, Vice President of Continuum and CQG's Director of Order Routing. "Our API products are an excellent fit for Deltix, a firm seeking reliable market data and robust trade execution functionality delivered at an enterprise level."

Deltix's TimeBase data warehouse connects to CQG's real-time market data feed via Continuum's FIX/FAST Direct API. Trading strategies are developed, backtested, and optimized in Deltix's QuantOffice using CQG's historical data. When suitable strategies are ready, they are deployed for production trading in Deltix's QuantServer, which sends orders to market via CQG's FIX Connect API, which routes orders through CQG's globally-distributed gateways.

Ilya Gorelik, CEO and Founder of Deltix, said, "The hosted deployment of the Deltix Product Suite with CQG's historical and real-time market data and trading gateways allows trading firms to focus on strategy development and optimization. By shortening the time to market of new strategies, trading firms are much more productive and efficient."

Through FIX/FAST Direct, a multicast, unconsolidated feed, Deltix clients can use CQG's market data in Deltix's QuantOffice for modeling, strategy and algorithm development, backtesting, and trading system optimization. Continuum's FIX Connect, a FIX 4.2-compatible API, enables Deltix clients to execute latency-critical trading strategies on over forty exchanges worldwide via CQG's Hosted Exchange Gateways.

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