Denver, April 26, 2016 – CQG, a global provider of high-performance trade routing, reliable market data, and advanced technical analysis, announced today that it has expanded its connection with Moscow Exchange (MOEX), the leading exchange in Russia, to now provide equities and FX trading via CQG’s API division, Continuum.
This solution enables customers using CQG products to trade equities and FX on MOEX. CQG has been a partner of MOEX since 1998, previously providing customer access to MOEX’s derivatives markets.
“MOEX is an important venue for our clients who seek to access diverse global markets,” said Mike Glista, CQG's Director of Order Routing and Vice President of Continuum. “We are pleased to expand our relationship in order to offer our customers more trading opportunities in the Russian markets.”
MOEX is among the top 30 leading stock exchanges worldwide. It plays host to the most active derivative contract in the world by number of contracts, the USD/RUB future (FIA 2015 data), and in the FX cash market the USD/RUB pair is the largest FX instrument. These two products combined trade 25 billion USD to 30 billion USD every day.
“CQG is recognized as one of the premier trading systems in the global landscape,” said Tom O’Brien, Head of International Sales, MOEX. “Moscow Exchange is a multi-asset venue where equities, cash FX, swaps and commodities are all traded and we understand the importance that CQG brings to basis trading, curve trading and basket trading in MOEX’s markets. We are pleased that traders can now benefit and develop their trading opportunities via CQG’s suite of trading tools and effectively use them to trade all of our world-class markets – equities and FX cash as well as derivatives.”
CQG Media Contact:
+1 (646) 266-1559
Moscow Exchange Contacts:
+44 (0) 203-713-1522
+1 (646) 629-5502
Continuum offers trade execution and data distribution for order execution and market data platforms, applications, and proprietary systems. Continuum leverages co-located Hosted Exchange Gateways as well as access to over seventy-five 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.
CQG provides high-performance trade routing, global market data, and advanced technical analysis. CQG partners with more than one hundred Futures Commission Merchant environments 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 seventy-five 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, the Best Technical Analysis Platform and Best Automated Trading Execution Product awards from The Technical Analyst, and its multi-asset trading platform, CQG One, was recently named Best Product for Traders by Finance Magnates. CQG is headquartered in Denver, Colorado with sales and support offices worldwide.
Moscow Exchange Group manages the sole multifunctional exchange platform in Russia for equities, bonds, derivative instruments, currencies, money market instruments and commodities. The Group includes the central depository (National Settlement Depository), and a clearing centre (National Clearing Centre), performing the functions of central counterparty on the markets, which allows Moscow Exchange to render the full spectrum of trading and post-trading services to its clients.
Moscow Exchange ranks among the world's top 25 exchanges by total volume of equities traded, and also among the 10 largest exchange platforms by bonds and derivatives trading. As of 1 March 2015 securities of 727 issuers are admitted to trading on the Equities and Bond market of Moscow Exchange, including securities of the largest Russian companies by market capitalization.
Moscow Exchange was formed in December 2011 as a result of a merger between Russia's two main exchange groups - MICEX Group, the oldest domestic exchange and operator of the leading securities, foreign exchange and money market platform in Russia; and RTS Group, at the time the operator of Russia's leading derivatives market. This combination created a vertically integrated public trading market across most major asset classes, which was reorganized into an open joint stock company (OJSC) and was named Moscow Exchange. Moscow Exchange held the initial public offering of its shares on 15 February 2013 (ticker MOEX).