CQG Adds Full Suite of Indian Market Data

CQG, the order execution, charting, and analytics provider for global electronically-traded futures markets, announced that it expanded its offering by adding market data for the Multi Commodity Exchange of India (MCX) and the National Stock Exchange of India (NSE).

The MCX is India's leading commodity exchange, and the NSE is one of the highest volume futures and options exchanges in the world.

With the addition of MCX and NSE, CQG now has market data from all of the major Indian exchanges. CQG added the National Commodity & Derivatives Exchange Limited (NCDEX) in 2009 and Bombay Stock Exchange (BSE) in 2007.

"Our move into India can be summed up by the fact that globally, we're seeing a move from West to East. Recent data volume says it all. The MCX is up 83% year on year. We're seeing demand for more advanced trading technology," says Josef Schroeter, president of CQG.

"There is enough capital in India now that they are really making an investment that is top-end of the spectrum. They want the best hardware, and they're looking for an edge " if you can give them an edge, they're willing to pay for it," he explains.

With market fragmentation, globally people are demanding more connectivity, Shroeter adds. CQG will continue to focus on adding connectivity to exchanges worldwide, from Turkey to South Africa, as well as the BRIC countries. "We're adding 8 to 10 exchanges a year. Most are in the emerging markets," he says. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio