CHICAGO and DENVER, Oct. 10, 2018 /PRNewswire/ -- CQG, a leading global provider of high-performance trading, market data, and technical analysis tools, announced today it has collaborated with ErisX, a new exchange for digital asset investors and traders.
Designed to bring a regulated, transparent and stable venue to the digital asset market, ErisX will usher in a new wave of participants. The Exchange aims to fill gaps in security and compliance that exist in the current digital asset markets and has developed an enhanced offering to accommodate the execution and clearing needs of a broad range of institutional and individual investors.
ErisX requires an innovative trading product and has collaborated with CQG to provide CQG Desktop as the front-end trading platform for its customers. On Oct. 3, 2018, ErisX announced its plans to launch a derivatives exchange and clearing organization that will include fully regulated digital asset futures and spot contracts on one platform.
CQG President Ryan Moroney said: "We see the value that ErisX brings to the digital asset space and are excited to partner with them to present the spot crypto markets together with futures contracts on a single platform. In an industry in need of this level of security and transparency, we believe ErisX will open these markets to many of our institutional partners and help move this emerging market forward."
"We were impressed with the range of trading tools that were included in CQG's platform offering and are pleased to offer CQG Desktop as our front-end trading provider," said Thomas Chippas, Chief Executive Officer at ErisX. "We are working with a robust group of leading class technology and service providers to improve the digital asset trading experience."
CQG provides the industry's highest performing solutions for trading, global market data, and advanced technical analysis. The firm partners with the vast majority of futures brokerage and clearing firms and provides Direct Market Access (DMA) to more than 45 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. Its market data feed consolidates more than 75 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 Prop Traders' ISV of the Year award from FOW (now Global Investor Group), the Best Technical Analysis Platform award from The Technical Analyst, and the Best Product for Traders award from Finance Magnates for its multi-asset trading platform. CQG is headquartered in Denver, Colorado, with sales and support offices worldwide.
With in-depth experience delivering and operating a fully regulated market place, ErisX is entering into the digital asset space with a broad offering of both spot and futures contracts on one platform. ErisX is integrating digital asset products and technology into reliable, compliant and robust capital markets workflows. With a regulated, liquid and accessible offering, ErisX will enhance the digital asset space for institutional and individual traders alike. ErisX is the trademark for Eris Exchange and Eris Clearing. ErisX, Eris Exchange, and the ErisX and Eris Exchange logos are trademarks of the Eris Exchange group of companies. Aspects of ErisX's offering are subject to regulatory approval, including its pending license as a clearing organization with the Commodity Futures Trading Commission (CFTC). The CFTC does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets.