Open trading technology provider UNX welcomes commodities and derivatives technology and data firm CQG as the latest provider to join the Catalyst Marketplace, UNX's open-source software store.
The CQG application delivers global market data as well as the CQG Trader execution interface for commodities and derivatives through a simple download from the Marketplace, and is pre-integrated into the UNX Catalyst Execution Management System (EMS).
Catalyst users also can take advantage of CQG's high-speed network of distributed exchange gateways and partnerships with over fifty FCMs for electronic trade routing. The CQG Trader application provides customers with a high-performance market data and electronic trading platform. Traders can view market activity, place orders, and track orders and positions.
The ease of deploying CQG's offering through UNX's Marketplace underscores the value of an open-source app store where virtually anyone, anywhere can download software from providers in the Marketplace. And it further boosts the multi-asset trading functionality of the Catalyst EMS.
"Through this collaboration, both firms are able to offer their clients more meaningful solutions for global, multi-asset trading from a single desktop," states UNX CEO Thomas Kim. "For example, equity traders can harness CQG's high-caliber tools for hedging their positions with derivatives, and futures traders can implement alpha-generating equity trading strategies using Catalyst's advanced single-stock and portfolio trading capabilities," he explains.
"Our relationship with UNX further builds our diverse scope of API partnerships and provides clients with easy access to global exchanges," said Mike Glista, CQG's Director of Order Routing. "With CQG Trader available through the Catalyst Marketplace, UNX customers can now quickly connect to CQG's order routing infrastructure and our many FCM partners."
Recently launched, the Catalyst Marketplace offers instant access to free, paid and trial-version software applications from broker-dealers and investment banks, trading firms, exchanges and software companies around the world. Apps include tude those for news, market data, analytics, and research.