CQG to connect to Nasdaq Futures

CQG and Nasdaq have announced that CQG will introduce connectivity to Nasdaq Futures, Inc. (NFX), the exchange group’s U.S.-based designated contract market (DCM). Through NFX, Nasdaq will expand its commodities business with futures and options on key energy benchmarks including oil, natural gas and U.S. power, which will launch in mid-2015.

“NFX builds on our existing connectivity to Nasdaq futures markets, which includes NLX and Nordic markets,” Pat Kenny, vice president of Client Relations of CQG, said. “We always look for ways to increase our customers’ opportunities through access to new market venues and products.”

The connection expands CQG’s leading global coverage, giving traders access to the newest market innovations. CQG will provide direct access to NFX through all of its platforms, including its flagship platform, CQG Integrated Client, which offers global market data and innovative interfaces for electronic trading and order management.

“CQG offers NFX market participants a unique set of charting and analytics tools to identify new strategies and effectively execute our new suite of energy products,” said Magnus Haglind, vice president of Global Transaction and Market Services and Head of U.S. Commodities. “CQG is a premier market data and trading specialist, and we are pleased that they will carry NFX market data thereby making it available through redistribution to a wide network of existing trader tools.”

Nasdaq’s Global Commodities business offers trading and clearing solutions for assets including power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services. With competitive fees and a range of liquidity providers, Nasdaq provides a cost-effective, transparent and efficient marketplace that appeals to all types of trading entities.

To view the official release from Nasdaq, click here.

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