CQG Selected by Nasdaq Fixed Income UST
CQG, a leading global provider of high-performance trading, market data, and technical analysis tools, announced today a new partnership with Nasdaq Fixed Income (NFI). Under the agreement, NFI will provide the web-based CQG Desktop platform to NFI customers as the official front-end for trading NFI’s U.S. Treasury Benchmark products.
CQG announced earlier this year a partnership with Nasdaq Futures Exchange (NFX), providing CQG Desktop to NFX as its front-end trading platform.
CQG Chief of Staff Alli Brennan said: “Our partners at Nasdaq were looking for a next generation front-end trading platform for their Fixed Income customers. CQG Desktop provides easy-to-use trading tools, with added features including CQG’s best-in-class charting and data visualization.”
Nasdaq Fixed Income covers U.S. Treasury Data, with a central limit order book that matches customer orders in price/time priority to provide fair and equal access to all participants and operates a 100 percent anonymous market. In the U.S., Nasdaq provides real-time, intraday, end-of-day, historical and indicative data formats for Nasdaq Fixed Income U.S. Treasury data, and is one of the leading electronic trading platforms for cash U.S. Treasury securities including: T-Bills, T-Notes, T-Bonds and Off-the-run Swaps.
CQG provides the industry’s highest performing solutions for trading, global market data, and advanced technical analysis. The firm partners with the vast majority of futures brokerage and clearing firms and provides Direct Market Access (DMA) to more than 45 exchanges through its global network of co-located Hosted Exchange Gateways. CQG’s server-side order management tools for spreading, market aggregation, and smart orders are unsurpassed for speed and ease of use. Its market data feed consolidates more than 75 sources, including exchanges worldwide for futures, options, fixed income, foreign exchange, and equities, as well as data on debt securities, industry reports, and financial indices. CQG has received the Prop Traders’ ISV of the Year award from FOW (now Global Investor Group), the Best Technical Analysis Platform award from The Technical Analyst, and the Best Product for Traders award from Finance Magnates for its multi-asset trading platform. CQG is headquartered in Denver, Colorado, with sales and support offices worldwide.
Less liquidity makes TCA a critical tool.
Data is harder to come by in the less liquid, off-the-run Treasury securities.
Aim is to provide the buy side with liquidity across asset classes on a single venue, in a single trade.
Market shifts away from submission-based pricing, toward independently validated reference prices.
Products enable fixed income and FX traders to manage execution costs and portfolio construction.