FX Firms CQG and DirectFX Integrate First Derivatives’ Delta Flow Trading Platform

CQG, a provider of forex technology and software solutions, has announced its partnership with fellow forex firm DirectFX in an initiative to add OTC trading capabilities via third party First Derivatives Delta Flow platform, according to a First Derivatives company statement.

CQG is an electronic trading company that specializes across a variety of asset-classes, including a robust forex suite. Conversely, the Australian-owned broker DirectFX also maintains a diverse product offering across forex, CFDs, and precious metals, complete with multiple platform options for users. The new partnership will consolidate OTC trading capabilities though the use of First Derivatives Delta Flow trading platform – the Delta Flow platform.

First Derivatives has partnered with a variety of forex firms as of late, including Tullett Prebon, among others, having just launched a forex and OTC swaps facility roughly a year ago. According to Mike Glista, CQG's Director of Order Routing and Vice President of Continuum in a recent statement, "we are pleased to bring two significant developments to our FX-trading customers: a product tailored to their particular requirements in the form of CQG FX and, at the same time, access to greater Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term through our agreement with DirectFX. This most recent addition to our FX offering represents our continued efforts to deliver broad global market coverage while also specific tools to address particular trading needs."

Multi-firm Deal Yielding Benefits For Each Player

Indeed, DirectFX will utilize the Delta Flow trading platform to help enable comprehensive forex rates and order management and execution capabilities to the CQG client base. On the basis of liquidity, an integral part of forex, the new accord will also be advantageous to First Derivatives, as it will help instill further liquidity to the Delta Flow platform.

According to DirectFX's CEO Joe O'Mara in a statement on the partnership, “we are confident that the inclusion of the strong FX price and execution capability being provided by the brokerage firm will represent a powerful addition to CQG's multi-asset client trading environment."

The Delta Flow platform is an innovative multi asset-class trading device for brokers, banks, high frequency trading firms (HFT), and both retail and institutional traders. Access to this tool was instrumental in the partnership between both CQG and DirectFX, specifically as it applies to and streamlines a variety of forex operations.

In addition, the Delta Flow Platform provides a vast array of functions and utilities:

• Direct Access to Liquidity
• Credit Management
• Enterprise Solution
• Regulatory Support
• Risk Management
• Business Intelligence
• Speed and Scalability
• Liquidity Aggregation Liquidity Aggregation Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Aggregation or liquidity aggregation can be characterized as the process of gathering buy and sell orders from different sources and directing them to a given executing party. This is most commonly done from multiple sources to minimize the risks from using a single liquidity provider. By aggregating liquidity from multiple sources, the broker is able to increase the depth of market it offers to its clients and therefore deliver better fills on the order flow when compared to when it uses a sing Read this Term
• Smart Order Routing

“First Derivatives is excited to be partnering with CQG and DirectFX to provide the underlying technology solution supporting the integration of DirectFX's best of breed foreign exchange pricing and execution into CQG's world class multi-asset class trading environment,” added John Beckert, MD at eTrading & Risk Management in an accompanying statement.