BOCA RATON, Fla. and SHANGHAI and CHICAGO and DENVER, March 13, 2018 /PRNewswire/ — CQG, a leading global provider of high-performance trading, market data, and technical analysis tools, announced today that the soon-to-be-launched, highly anticipated Shanghai International Energy Exchange (INE), a unit of the Shanghai Futures Exchange, will be the first Chinese market available on CQG. The company made the announcement at the annual FIA International Futures Industry Conference in Boca Raton.
Late last year, CQG announced its imminent launch of CQG China, a separate division of CQG, Inc. The firm’s connection to INE will offer foreign investors an opportunity to trade the new INE markets while enabling Chinese buyers to lock in oil prices and pay in local currency. The launch of the marketplace represents the first time foreign investors can participate in a Chinese commodities market.
eTN Chatroom for Readers (join us)
CQG will offer INE trading and market data access to its customers across the globe.
Kelvin Chia, Manager, CQG China, said: “This is an important development in the oil industry as China continues to grow its involvement in the energy sector. We are thrilled to offer the INE to our customers as we continue to expand our global footprint and offering in the energy markets as well as in China.”
INE is scheduled to begin trading on March 26, following years of development. China is the world’s biggest purchaser of oil as of 2017.
CQG is finalizing its infrastructure on the major Chinese exchanges to offer access to additional markets, as the trading volume on Chinese exchanges continues to grow within the region and access to international participants continues to expand.
CQG provides the industry’s highest performing solutions for trading, global market data, and advanced technical analysis. The firm partners with the vast majority of futures brokerage and clearing firms and provides Direct Market Access (DMA) to more than 45 exchanges through its global network of co-located Hosted Exchange Gateways. CQG’s server-side order management tools for spreading, market aggregation, and smart orders are unsurpassed for speed and ease of use. Its market data feed consolidates more than 75 sources, including exchanges worldwide for futures, options, fixed income, foreign exchange, and equities, as well as data on debt securities, industry reports, and financial indices. CQG has received the Prop Traders’ ISV of the Year award from FOW (now Global Investor Group), the Best Technical Analysis Platform award from The Technical Analyst, and the Best Product for Traders award from Finance Magnates for its multi-asset trading platform. CQG is headquartered in Denver, Colorado, with sales and support offices worldwide.
View original content with multimedia:http://www.prnewswire.com/news-releases/cqg-connects-to-ine-new-energy-exchange-in-shanghai-300612082.html
To post and circulate your own press release on FIR and the eTN Network please click here