CQG and Broadridge to Integrate Their OMS and EMS

CQG, a provider of trading, market data and technical analysis tools, has entered into a strategic partnership with Broadridge Financial Solutions, to integrate their order management system (OMS) and execution management system (EMS). The companies said that the combination of CQG’s front-end trading technology with Broadridge’s OMS and the NYFIX network is the first-of-its-kind out-of-the-box solution for institutional customers. It offers them a full front, middle and back-office technology suite. CQG and Broadridge also plan to further develop their clients’ workflow and provide best-in-class execution and order management. CQG completed a FIX connection enabling its order flow to be directly managed and routed out to its network of exchanges and liquidity providers via Broadridge’s infrastructure. Work will continue to ensure there is seamless workflow between the two systems. Viewing and managing orders will be achievable and in-sync in either system. Customers can stage orders, apply algorithmic logic to existing orders, splice and bundle orders, manage allocations. Traditionally, clients have pieced together a solution with a variety of technology providers and have the added effort and cost of making those tools work together.