Denver, CO and Chicago, IL, April 22, 2013 - Continuum and CQG, Inc. today announced a partnership with AlgoFast to supply AlgoFast's algorithmic event trading software with CQG's global market data and trade execution capabilities.
Launched in 2012, AlgoFast's trading software offers high-speed, event-based algorithmic trade execution, incorporating news from more than 1,200 indicators worldwide. Through the CQG Integrated Client and CQG Trader API's, AlgoFast receives real-time market data via CQG's feed. Using this robust feed, the AlgoFast platform is able to swiftly integrate market data with its wide range of indicators to power algorithmic execution strategies. These event-triggered strategies are routed to CQG's global network of co-located Hosted Exchange Gateways for low-latency execution.
"CQG's hosted infrastructure, with its speed and responsiveness, is an excellent match for AlgoFast's performance requirements," said Mike Glista, CQG's Director of Order Routing and Vice President of Continuum. "Success in the event-based algorithmic trading space hinges on timely reactions and demands this speed and responsiveness. We look forward to providing the sophisticated AlgoFast platform with this service through our CQG API products."
"AlgoFast is excited to partner with CQG and Continuum given their execution capabilities, global reach, and track record of innovative solutions," said AlgoFast Founder Justin Bouchard. "The novel event-based trading capabilities of AlgoFast will provide CQG's user base the ability to set predetermined trading strategies based on economic indicators from over thirty countries. AlgoFast's existing user base executing on the CME is eager to take advantage of the forty-plus exchanges offered on the CQG and Continuum network."
By integrating with both the CQG Integrated Client and CQG Trader APIs, CQG customers using either platform can take advantage of this functionality, running AlgoFast side-by-side with CQG.
Visit http://www.cqg.com/products/cqg-apis to learn more about CQG's suite of API products.
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
AlgoFast, LLC (www.AlgoFast.com) is a patent-published, event-based software platform that allows individual and institutional investors to execute automated trades in response to a wide array of indicators. Through its proprietary algorithms that integrate various news feeds with multiple predetermined settings by the user, the company's software triggers trades within fractions of a millisecond upon receipt of relevant economic data. AlgoFast is based in Chicago, Illinois. For more information about AlgoFast, please call 312-347-4806 or email Contact@AlgoFast.com.