Broadridge is set to acquire technology provider CQG, as part of an effort to expand Broadridge’s execution management offering and bolster global futures and options trading capabilities through the creation of a unified platform.
Ryan Moroney
Through the acquisition, CQG will provide complementary execution management, algorithmic trading and analytics tools to Broadridge’s order management and client connectivity solutions.
Specifically, the deal is expected to create an end-to-end trading suite tailored for global futures and options markets, and aligns with Broadridge’s goal to deliver connected multi-asset trading solutions across the world.
The merger is expected to close in Broadridge’s fiscal fourth quarter, subject to regulatory approvals.
Speaking on the announcement, Frank Troise, president of Broadridge’s trading and connectivity solutions business, said: “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.”
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In addition, by expanding its futures and options offering, Broadridge is set to continually support clients’ needs and growth objectives, spanning FCMs, institutional investors, retail brokers, proprietary trading firms, CTAs, and hedge funds.
“We are truly excited to combine CQG’s nimble approach and powerful front-office execution management, analytics and connectivity solutions with Broadridge’s deep global reach and front-to-back capabilities,” said Ryan Moroney, chief executive of CQG.
“The trading experience of our collective clients will be defined by speed, intelligence, and scale, enabling them to trade smarter, access new markets, and adapt faster in an increasingly dynamic marketplace.”
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The move will also include the acquisition of CQG’s core global trading technology business.