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Broadridge Financial SolMergers & Acquisitions, FinTech, Platformsutions has entered into an agreement to acquire CQG, a provider of futures and options trading, execution management, and market connectivity solutions.
The acquisition will combine CQG's execution management, algorithmic trading, and analytics capabilities with Broadridge's order management and client connectivity solutions to create an end-to-end trading suite for global futures and options markets.
Frank Troise, President, Broadridge's Trading and Connectivity Solutions business
Frank Troise, President, Broadridge's Trading and Connectivity Solutions business, said:
“The acquisition of CQG will accelerate Broadridge's mission to deliver advanced, highly connected trading solutions on a global scale. 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.”
Ryan Moroney, Chief Executive Officer, CQG
Ryan Moroney, Chief Executive Officer, CQG, said:
"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. 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. The CQG team is truly excited to join a company with the history and successful track record of Broadridge."
The expanded offering is designed to support FCMs, institutional investors, retail brokers, proprietary trading firms, CTAs, and hedge funds. The solutions aim to support growth objectives, accelerate speed to market, and deliver an integrated trading experience for institutional and professional retail market participants.
The acquisition also forms part of Broadridge's innovation strategy across asset classes, spanning futures and options, FX, and digital assets.
Broadridge will acquire CQG's core global trading technology business through the purchase of CQG, LLC and certain affiliated operating entities and assets. Terms of the transaction were not disclosed. The transaction is not expected to have a material impact on Broadridge's financial results and is expected to close early in Broadridge's fiscal fourth quarter subject to customary closing conditions, including regulatory approvals.
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