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CQG connects to B3

Source: CQG

CQG, a leading global provider of high-performance technology solutions for traders, brokers, commercial hedgers, and exchanges, announced today that it has added to its global network of exchanges B3, one of the world's largest financial market infrastructure companies.

CQG's clients around the world can now obtain trading and market data access to the Brazilian markets for their listed commodities, interest rates, treasury, and equities products. B3 trading customers in Brazil and throughout the world can also benefit from CQG's comprehensive suite of trading front ends and APIs.

According to Claudio Jacob, Clients and Business Development Managing Director at B3, the partnership with CQG is strategic for the Brazilian exchange, as it helps investors from all over the world to access stocks, futures, indices, and market data from this important global market in Latin America. "The Brazilian capital market is currently going through a period of expansion. This year alone, more than 44 companies were listed on the Brazilian stock exchange, compared to 28 in 2020. The number of retail investors has also grown significantly, from 700,000 in 2018 to more than 3.8 million in 2021. In addition, our mini contracts have been showing outstanding performance in terms of volumes. An example of that is the Mini Ibovespa Index Futures, which reached a year-to-date average daily volume of 17.3 million by the end of June, a 64% growth year-on-year, and now the second most liquid contract in FIA's Equity Index Futures and Options Contracts ranking. Another example is the Mini US Dollar Spot Futures, which grew 52% in the same period, the third contract in FIA's FX Futures and Options Contracts ranking," stated Jacob.

Alli Brennan, CQG Managing Director, Head of the Americas, said: "We have long had an interest in expanding into Brazil and are excited about the opportunities there, both with local clients in the region looking for new trading tools and for our international customers seeking access to B3's growing markets. Connecting to B3 was a logical next step for CQG, and we appreciate our partners at the exchange for what we believe will be a fruitful connectivity partnership." 

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