CQG announced it has entered into an agreement to be acquired by Broadridge Financial Solutions, positioning the combination to offer an end-to-end trading suite for global futures and options markets. The companies said CQG will contribute execution management, algorithmic trading, analytics, and market connectivity capabilities that complement Broadridge’s order management and client connectivity solutions.
The transaction is intended to broaden Broadridge’s trading technology footprint in futures and options while strengthening workflow integration across the trade lifecycle. CQG and Broadridge said the combined platform is designed to simplify trading complexity, improve transparency and workflow efficiency, and enhance Broadridge’s digital asset trading capabilities.
CQG noted that Broadridge has been a partner since the companies integrated some technologies in prior years, and said the acquirer values CQG’s employees, culture, client base, delivery cadence, and innovation. Broadridge said the deal aligns with its strategy to deliver more connected trading solutions at global scale.
Financial terms were not disclosed, and the companies said the transaction is not expected to have a material impact on Broadridge’s financial results. The deal is expected to close early in Broadridge’s fiscal fourth quarter ending June 30, subject to customary closing conditions, including regulatory approvals.
The expanded offering is positioned to serve a broad client base across futures commission merchants, institutional investors, retail brokers, proprietary trading firms, commodity trading advisors, and hedge funds, with an emphasis on scalability, speed to market, and an integrated trading experience for institutional and professional retail participants.
CQG said it provides trading, market data, technical analysis, risk management, and account administration tools and offers direct market access to more than 45 exchanges through a global network of co-located hosted exchange gateways. Broadridge said its technology and operations platforms support investing, governance, and communications, processing and generating billions of communications annually and underpinning daily average trading volumes across global markets.
KEY QUOTES
“Our combined capabilities will provide a global multi-asset class trading experience defined by speed, scale and intelligence. Broadridge’s deep global reach and front-to-back capabilities and our expertise in front-office execution management and connectivity will enable clients to trade smarter, access new markets and adapt faster in an increasingly connected futures and options marketplace. The CQG team is truly excited to join a company with the history and successful track record of Broadridge.”
“Broadridge has been a terrific partner since we decided to integrate some of our technologies a few years ago, and the team has made it clear they value our talented employees, culture, loyal client base, rapid delivery of new functionality and innovation. In this fast-moving environment, we believe the shared values between our firms, along with our combined global reach, significant resources and complementary technology make this transaction so compelling for CQG and exactly the right step for our employees and customers.”
Ryan Moroney, Chief Executive Officer, CQG
“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.”
Frank Troise, President, Trading And Connectivity Solutions Business, Broadridge Financial Solutions
