CGQ, a renowned US-based company founded in 1976, has recently made significant strides in the trading world. With the Version 9.9 update, it introduced a new Economic Calendar feature to its trading platforms, CQG Desktop and CQG One. This innovation allows users to receive timely notifications for key economic events directly within the platform, thereby enhancing their ability to stay abreast of market-moving events. All users have access to the Economic Calendar widget, which offers USDA data. Moreover, for a nominal fee of $20, traders can subscribe to the Dow Jones (DJ) Economic Calendar to obtain more detailed data. This update is designed to streamline workflows for both institutional and retail traders.
Enhancements in the Release
The release also brings several other enhancements. In the Strategy Builder, there is improved synthetic strategy support, allowing traders to customize their trading strategies more effectively. Customizable toolbars provide a personalized trading experience, while new spread trading features in the Spreadsheet Trader add more flexibility to trading operations. CQG has significantly upgraded its One Spreader tool, which particularly benefits institutional trading desks.Improved Workflows
The introduction of the Economic Calendar widget simplifies the process of staying informed about economic events. Traders no longer have to constantly search for relevant information elsewhere. They can receive notifications directly within the trading platform, enabling them to make more timely decisions. This is especially crucial in the fast-paced world of trading, where every minute counts.The improved synthetic strategy support in the Strategy Builder gives traders more options to create complex trading strategies. They can combine different elements and parameters to suit their trading styles and goals. Customizable toolbars allow traders to arrange their frequently used tools and functions in a way that suits them best, improving their efficiency.Expanded Data and Services
The addition of the Dow Jones (DJ) Economic Calendar provides traders with more detailed data, enabling them to make more informed decisions. With access to a wider range of data, traders can better understand the market trends and potential impacts of economic events.CQG's partnership with Tradeview Markets for integrated trade routing, global market data, and advanced technical analysis tools further enhances the trading experience. Clients can now take advantage of these resources to make more informed trading decisions and achieve their investment goals.AI and ML Trading Toolkit
CQG recently launched an AI and ML trading toolkit aimed at predicting futures market movements. After rigorous training and testing using historical data, the toolkit achieved an astonishing 80% accuracy in predicting the direction of the E-mini S&P 500 futures contract.The development process faced numerous challenges, including data storage and curation, integration of ML infrastructure with financial industry standards, and optimization of the ML training pipeline for generative time series prediction. However, CQG's expertise and technological capabilities enabled it to overcome these challenges and develop a powerful trading tool.Clients can utilize encrypted files and cloud computing resources to create customized models, leveraging CQG's technology for charting and trading. This gives them the flexibility to adapt the trading toolkit to their specific needs and trading strategies.Algorithmic Trading with CQG
CQG's play in the algo space is not new. Since acquiring software from Blue Trading Systems (BTS), the firm launched CQG Algos, a suite of execution technologies that includes pre-assembled trading algos and a software development kit. The algos run server-side, accessible through a CQG GUI or API. This provides traders with a wide range of options for algorithmic trading.Kevin Darby, the Quant leader who joined CQG in 2020, is leading the development and implementation of these algo technologies. His expertise and experience contribute to the success of CQG's algo trading offerings.CQG's server-side order management tools for spreading, market aggregation, and smart orders are unsurpassed for speed and ease of use. This allows traders to execute trades quickly and efficiently, maximizing their trading opportunities.CQG's market data feed consolidates 85 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. This comprehensive data feed provides traders with a holistic view of the market, enabling them to make more informed decisions.