CQG has added a connection to GovEx, a matching platform offered by Currenex, a wholly owned subsidiary of State Street Corporation.
GovEx offers traders a centrally-cleared, high performance trading platform for US Treasury securities, providing anonymity, diverse liquidity, and a technologically-advanced matching engine for the fixed income markets, according to the press statement.
The connectivity to GovEx combined with CQG's server-side order management, enables US Treasury traders to execute very complex trading strategies with a higher chance of success due to the additional access to the GovEx liquidity pool, according to the company.
CQG’s server-side order management includes the ability to aggregate orders across multiple exchanges, execute automated synthetic spread strategies, as well as employ synthetic iceberg orders. “Providing connectivity to the GovEx trading platform is part of our ongoing strategy of offering traders in the US Treasury market access to the most liquidity and electronic order execution venues,” commented Mike Glista, CQG’s director of order routing and VP of the Continuum division.
Based in Denver, Colo, CGE is an order execution, charting, and analytics provider for global, electronically-traded securities.
Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio