CQG, the industry-leading order execution, charting, and analytics provider for global, electronically-traded securities, announced today that it now offers low-latency trading connectivity to the Ukrainian Exchange (UX) to customers worldwide.
"We have had a substantial presence in Eastern Europe for many years, and with the Ukrainian Exchange entering the derivatives market last year, establishing trade routing connectivity to the exchange is a natural addition to our global offering," said Yuriy Shterk, Vice President of Product Management, Trading at CQG. "Traders, particularly western European traders, seeking to hedge their risk exposure in eastern European markets will now be able to take advantage of CQG's powerful infrastructure and versatile tools to trade UX Index futures and options."
CQG's expanding Eastern European exchange connectivity is further enhanced by multiple partnerships in the region, including recent API partners, AQI and Moscow-based IT Global, as well as several FCM partnerships.
"The Ukrainian Exchange is the center of liquidity for stocks and derivatives trading in Ukraine. CQG will be the first global provider for trade routing connectivity to the derivatives market of the Ukrainian Exchange," said Konstantin Kakusha, Market Data Specialist at Ukrainian Exchange. "It's a significant step towards opening up the Ukrainian market to global investors, which will have opportunity to diversify their risk in eastern European markets."
CQG already connects traders to the Russian Trading System (RTS) Stock Exchange, the Ukrainian Exchange's largest shareholder, for high-speed market data and order routing via CQG Integrated Client, the company's flagship platform, as well as CQG Trader. CQG Trader is a professional front end providing high-performance market data, order routing, and account management tools for traders who do not require technical analysis and is available in multilingual versions, including Russian. CQG customers worldwide can route orders to the Ukrainian Exchange's derivatives market using these sophisticated tools.
The Ukrainian Exchange entered the derivatives market in May 2010, and it now offers futures and options trading on the Ukrainian securities market-tracking UX Index.