July 24, 2013
Thomson Reuters Expands Access to Futures Markets Liquidity over its Global FIX Order Routing Network
LONDON, NEW YORK - Thomson Reuters today announced that it has expanded access to liquidity across its global order routing network by adding additional connections to US futures markets through an agreement with CQG, a leading Direct Market Access (DMA) platform for the global futures markets. Financial markets professionals trading in futures markets are now able to trade with an additional 65 Futures Commission Merchants (FCMs) using their existing connections to Thomson Reuters Autex Trade Route.
Thomson Reuters Autex Trade Route is one of the world’s largest FIX order routing networks, providing connectivity to over 750 buy-side firms and 700 executing brokers and venues. Through this agreement with CQG, Thomson Reuters will enable Autex Trade Route customers to access global futures exchanges using CQG’s DMA service.
“Thomson Reuters is focused on connecting and enabling financial markets by bringing together buy and sell-side communities around the world to trade.” said Brennan Carley, global head of platform and transactions, Thomson Reuters. “Through this agreement with CQG, we are expanding the Autex global network of counterparties, enabling our customers to trade with over 65 additional FCMs covering the world’s major futures exchanges.”
CQG’s enterprise solutions division, Continuum, powers futures trade routing through its FIX Connect API. Through FIX Connect, traders using Autex Trade Route are able to access CQG’s globally distributed system of hosted exchange gateways for order routing. By providing close proximity to exchange servers, this hosted DMA platform provides low-latency trading, regardless of a trader’s geographic location, on futures markets throughout the Americas and across Europe and Asia-Pacific.
“Our partnership with Thomson Reuters is an excellent demonstration of Continuum’s proven ability to provide solutions that meet specific customer demands. In this case, we’ve quickly and seamlessly supplied Thomson Reuters already expansive Autex network of buy and sell-side firms with advanced trading access to a number of key participants in the futures markets,” said Mike Glista, vice president of Continuum and CQG’s director of Order Routing.
Thomson Reuters Autex Trade Route delivers order flow of two billion shares per day in equities, options and futures, as well as FX and fixed income. Thomson Reuters Autex is also the world's premier order indication and advertised trade service, providing market professionals access to the largest and broadest pool of global trading liquidity. It receives streaming indications of interest from trading partners across the globe, and processes more than five million messages per day through a network of over 750 buy-side institutions.
Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial and risk, legal, tax and accounting, intellectual property and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs approximately 60,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to thomsonreuters.com.
About CQG, Inc.
CQG, Inc. (www.cqg.com) provides high-performance trade routing, global market data, and advanced technical analysis. CQG partners with more than eighty Futures Commission Merchants and provides Direct Market Access to more than forty 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. CQG’s market data feed consolidates more than one hundred 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 Best Technical Analysis Platform award from The Technical Analyst. CQG is headquartered in Denver, Colorado with sales and support offices worldwide.
About Continuum
Continuum, a division of CQG, Inc., offers trade execution and data distribution for order execution and market data platforms, applications, and proprietary systems. Continuum leverages CQG's co-located Hosted Exchange Gateways as well as its access to over a hundred sources for global market data and to over forty exchanges for trade routing. Continuum is based in Chicago, Illinois with support worldwide. For more information about Continuum, please call 312-939-1568 in the United States, +44 207 827 8219 in the United Kingdom, or visit www.continuumtradingsolutions.com.