Broadridge to acquire CQG, building end-to-end futures trading suite
NEW YORK and COLORADO, UNITED STATES — Global fintech provider, Broadridge Financial Solutions, announced an agreement to acquire CQG, a provider of futures and options trading technology, in a strategic move to unite execution and order management capabilities.
The transaction, expected to close early in Broadridge’s fiscal fourth quarter ending June 30, will combine CQG’s high-performance execution and analytics tools with Broadridge’s order management platforms to create a comprehensive trading suite for global futures and options markets.
Unifying the trade lifecycle
CQG focuses on the front-end of the trade lifecycle, including execution management, algorithmic trading, and Direct Market Access (DMA) to over 45 exchanges through co-located Hosted Exchange Gateways.
Broadridge offers back-office applications, order management, and client connectivity solutions that support more than $15 trillion in daily securities trading.
The company also provides broker-dealers, banks, mutual funds, and corporate issuers with investor communications, business process outsourcing (BPO), and technology solutions.
“Broadridge’s deep global reach and front-to-back capabilities and our expertise in front-office execution management and connectivity will enable clients to trade smarter, access new markets and adapt faster in an increasingly connected futures and options marketplace,” said Ryan Moroney, Chief Executive Officer (CEO) of CQG
The aggregation of the offering also forms an end-to-end workflow that enables traders to trade, administer, and clear complex futures and options positions in a single ecosystem.
As Frank Troise, President of Broadridge’s Trading and Connectivity Solutions business, explains, “Integrating CQG’s advanced execution management, analytics, and connectivity technologies with Broadridge’s leading order management and connectivity solutions will create a unified platform in futures and options that simplifies trading complexity, improves transparency and workflow efficiency, and enhances Broadridge’s digital asset trading capabilities.”
The integration positions the joint offering as a viable alternative to proprietary exchange systems and bespoke broker solutions, potentially reshaping how futures commission merchants and commodity trading advisors architect their technology stacks.
Strengthening global market reach
The transaction strategically aligns Broadridge’s vast institutional footprint with CQG’s entrenched presence in the professional trading community, extending the combined company’s addressable market across multiple client segments.
Broadridge currently serves a broad swath of the financial industry, including asset managers, broker-dealers, and banks across 21 countries.
At the same time, CQG counts the majority of futures brokerage and clearing firms among its clients and serves as the front-end interface for numerous exchanges.
The global scope of the integration is further amplified by CQG’s extensive market data infrastructure, which consolidates 85 sources spanning futures, fixed income, foreign exchange, and equities.
This data network, combined with Broadridge’s existing communications platforms that process over 7 billion communications annually, creates opportunities for the development of data-enhanced trading products.
Moroney adds, “Broadridge has been a terrific partner since we decided to integrate some of our technologies a few years ago, and the team has made it clear they value our talented employees, culture, loyal client base, rapid delivery of new functionality, and innovation.”
“In this fast-moving environment, we believe the shared values between our firms, along with our combined global reach, significant resources, and complementary technology, make this transaction so compelling for CQG and exactly the right step for our employees and customers.”
