Thomson Reuters has added 65 futures commission merchant (FCM) connections to its Autex Trade Route through a direct market access platform for global futures market provided by CQG Continuum. The CQG platform allow customers using Autex to obtain expanded access to global futures exchanges.
“CQG offers exchange access infrastructure so the brokers don’t have to build their own,” says Brennan Carley, global head of platform and transactions at Thomson Reuters. “With the CQG offering, we can provide direct market access execution services to all those clients so hey don't need to make the investment in all the technology associated with connecting to the different markets.”
Using CQG allows smaller FCMs to have access to connections to global exchanges without having to build their own direct market access services, adds Carley.
Futures trade routing will go trough FIX Connect API, powered by CQG’s Continuum.
[For more on Continuum, read: CQG and Continuum Join Forces With AlgoFast]
Autex delivers two billion shares per day in equities, options, futures, foreign exchange, and fixed income. Autex provides connections to 750 buy-side firms and 700 brokers and venues.