just now
Global trading technology provider CQG and digital asset trading platform BlockFills have announced a new partnership that will stream BlockFills' cryptocurrency liquidity directly onto the CQG trading platform, creating a significant bridge between traditional financial markets and digital assets.
The collaboration, announced on 10 March, will give CQG's extensive institutional client base access to BlockFills' cryptocurrency pricing and liquidity, while BlockFills' customers will gain the ability to use CQG's advanced trading technology and tools through their existing accounts.
Integration work has already begun on what the companies describe as a "first-of-its-kind partnership," with the new offering expected to be available by the end of the second quarter of 2025.
The initial phase will focus on streaming BlockFills' bitcoin contract for difference (CFD) products to CQG users, followed by spot and forwards contracts. UK FCA-regulated Basis Capital Markets UK Ltd, an affiliate of BlockFills, will provide exposure to fiat cash-settled derivatives products for qualified institutional counterparties. The companies plan to expand the offering to include additional digital assets in the future.
Neil Van Huis, Partner and Chief Strategy Officer of BlockFills, commented: "The demand for digital assets from professionals and institutions is clear. CQG is a leader in trading technology in that market segment. The partnership delivers a comprehensive offering to the emerging global client base in digital assets. BlockFills' long-standing reputation of providing diverse products and strong liquidity in a safe and secure environment is perfectly partnered with one of the leading trading technology companies in traditional markets. We couldn't be happier to enter this next phase of digital asset markets with CQG."
The integration will also extend BlockFills' liquidity access to CQG's broader network of partners, which includes exchanges, brokerages, trading firms and fintech companies worldwide.
Kevin Darby, CQG Vice President of Execution Technologies, added: "This partnership with BlockFills is an important step in our vision to offer clients access to high-quality trading venues and to create interesting trading opportunities between these liquid crypto products and our existing crypto futures offerings. We're introducing the robust set of CQG platforms and sophisticated tools to a new audience of institutional traders who want to leverage them across crypto and multiple other asset classes. BlockFills' innovative approach and commitment to streaming products down the line that will include more choices for our clients – including smaller contracts and weekly expiries – make this an attractive proposition for us. We also believe really tight, liquid markets like those BlockFills offers, combined with our initiatives in AI, will open up new trading opportunities for our customers and partners."
CQG, headquartered in Denver, serves traders, brokers, commercial hedgers and exchanges globally, providing direct market access to more than 45 exchanges and consolidating market data from 85 sources worldwide.
BlockFills describes itself as more than just a liquidity provider, offering spot and derivatives trading across various digital assets along with proprietary technology stack and white-glove service for institutional and professional traders.
