Denver, CO and Chicago, IL, July 17, 2013 - Continuum and CQG, Inc. today announced the addition of foreign exchange trade execution to its services through integration with KCG Hotspot, the award-winning electronic communication network (ECN) for the institutional foreign exchange market. The connection is powered by Continuum's new Access Direct API family.
Through this partnership with KCG Hotspot, CQG adds foreign exchange to its offering of tradable asset classes. Customers using CQG Integrated Client or CQG Trader, as well as those who have written to third party applications via CQG's suite of API products are able to connect to Hotspot. Hotspot integration allows for both foreign exchange market data delivery and low-latency order routing to the ECN using CQG's robust infrastructure."Our KCG Hotspot integration is a powerful example of CQG's ability to leverage Continuum APIs to make strategic additions to our product," said Mike Glista, CQG's Director of Order Routing and Vice President of Continuum. "Through this partnership, we've made an entire asset class available to our trading customers, while also contributing to the liquidity base of the Hotspot FX product itself - a clear win-win."KCG Hotspot offers access to more than sixty currency pairs with depth of book transparency and tight spreads of 1/10th pip. This latest partnership adds CQG's traders to Hotspot's diverse liquidity base of banks, institutions, hedge funds, high frequency traders, corporations, and CTAs."The foreign exchange market is large, liquid, and technologically-advanced," said John Miesner, Managing Director and Head of Global Sales, KCG Hotspot. "We're pleased to partner with CQG, providing access to our robust market data, liquidity and existing client base, which consists of a diverse array of market participants."
About CQG, Inc.
CQG, Inc. (www.cqg.com) provides high-performance trade routing, global market data, and advanced technical analysis. CQG partners with more than eighty Futures Commission Merchants and provides Direct Market Access to more than forty 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. CQG's market data feed consolidates more than one hundred 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 Best Technical Analysis Platform award from The Technical Analyst. CQG is headquartered in Denver, Colorado with sales and support offices worldwide.
Continuum, a division of CQG, Inc., offers trade execution and data distribution for order execution and market data platforms, applications, and proprietary systems. Continuum leverages CQG's collocated Hosted Exchange Gateways as well as its access to over a hundred sources for global market data and to over forty exchanges for trade routing. Continuum is based in Chicago, Illinois with support worldwide. For more information about Continuum, please call 312-939-1568 in the United States, +44 207 827 8219 in the United Kingdom, or visit www.continuumtradingsolutions.com.
K. Michael Public Relations, LLC
KCG is a leading independent securities firm offering investors a range of services designed to address trading needs across asset classes, product types and time zones. The firm combines advanced technology with exceptional client service across market making, agency execution and venues. KCG has multiple access points to trade global equities, fixed income, currencies and commodities via voice or automated execution.