The Dubai Gold & Commodities Exchange (DGCX) today announced that CQG, Inc. a leading global provider of financial market data and trading software, has become an approved independent software vendor (ISV) on the Exchange.
CQG has connected its hosted infrastructure to DGCX to deliver low-latency trade execution and market data service to the Exchange's members.
Gary Anderson, CEO of DGCX, said: "We are very happy to welcome CQG on board as an empanelled independent software vendor. CQG is a leading financial technology player and innovator and their highly rated product offering and global market coverage adds to the pool of world-class technology expertise available in DGCX's growing community. Our partnership with CQG stems from our commitment to offer our Members access to the world's leading trading technology solutions."
US-based CQG partners with more than seventy Futures Commission Merchants and provides Direct Market Access to more than forty exchanges through its global network of co-located Hosted Exchange Gateways.
"We are well-pleased to provide our customers with hosted connectivity to DGCX, a major exchange in the Middle East with a strong history of growth," said Mike Glista, CQG's Director of Order Routing. "CQG's sophisticated tools offer a high-performance solution to traders seeking to access liquidity in this important emerging market."
In offering Direct Market Access to DGCX, CQG expands on its diverse offering of trading connectivity to global futures exchanges. The DGCX trading platform is accessible to customers via CQG Integrated Client, the company's flagship platform, or CQG Trader. This high-speed connectivity also enables traders to incorporate DGCX instruments into latency-critical strategies using CQG's suite of server-side tools, including CQG Spreader, aggregation, and smart orders.