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CQG Provides Low Latency Routing to Turkish Derivatives Exchange

CQG's hosted trading gateways enable traders to route orders to TurkDEX and manage both inter-and intra-exchange spread strategies.

Denver-based CQG has partnered with the Turkish Derivatives Exchange (TurkDEX) to provide low latency trade routing and consolidated market data access for TurkDEX derivatives contracts through CQG’s advanced trading platforms.

CQG’s hosted trading gateway provides traders with fast and cost-effective access to TurkDEX ISE-100 Index, ISE-30 Index, TRYEuro, and TRYUSDollar contracts. CQG customers can route orders to the exchange using the CQG Integrated Client and CQG Trader. Spread traders are able to create, trade and manage both inter-and intra-exchange spread strategies for the TurkDEX ts via the server-side CQG Spreader, which is CQG’s low-latency spreader product.

“The connectivity to TurkDEX further positions us toward our goal to provide worldwide market access with the lowest possible latency and highest possible reliability,” said Mike Glista, CQG’s Director of Order Routing. “Both local and international traders will benefit from our superior order execution tools and seamless trading access to the Turkish Derivatives Exchange.”

The Futures Industry Association ranked TurkDEX as the twenty-fourth top derivatives exchange for 2009 with over 45 percent growth in futures and options contracts traded or cleared.

CQG’s network of collocated hosted exchange gateways provides ultra-low-latency trading connectivity to more than thirty-five exchanges worldwide.

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

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