CQG's Continuum to Host Deltix's Quant Solution

CQG’s Continuum division has partnered with Deltix, a provider of alpha discovery and automated trading software, to make CQG’s real time and historical global market data available to Deltix users in a cloud-based environment.

“The hosted deployment of the Deltix Product Suite with CQG’s historical and real-time market data and trading gateways allows trading firms to focus on strategy development and optimization,” commented Ilya Gorelik, CEO and Founder of Deltix, in the release announced at the FIA/FOA International Derivatives Expo today in Denver. “By shortening the time to market of new strategies, trading firms are much more productive and efficient.”

Under terms of the agreement, CQG’s global market data and trade routing infrastructure will be available to Deltix’s customers as they develop, back test and deploy quantitative trading strategies.

This deal follows an earlier agreement Deltix announced in late March to host its quant solution in ITG’s data center.

“Deltix is a significant addition to our list of Continuum partners,” said Mike Glista, VP of Continuum and CQG’s director of order routing, in the release. “Our API (application programming interface) products are an excellent fit for Deltix, a firm seeking reliable market data and robust trade execution functionality delivered at an enterprise level.”

Deltix’s TimeBase data warehouse connects to CQG’s real-time market data feed via Continuum’s FIX/FAST Direct API. Trading strategies are developed, backtested, and optimized in Deltix’s QuantOffice using CQG’s historical data. When suitable strategies are ready, they are deployed for production trading in Deltix’s QuantServer, which sends orders to market via CQG’s FIX Connect API, which routes orders through CQG’s globally-distributed gateways.

Through FIX/FAST Direct, which is a multicast, unconsolidated feed, Deltix clients can use CQG’s market data in Deltix’s QuantOffice for modeling, strategy and algorithm development, backtesting, and trading system optimization, according to the release. Continuum’s FIX Connect, a FIX 4.2-compatible API, enables Deltix clients to execute latency-critical trading strategies on over forty exchanges worldwide via CQG’s Hosted Exchange Gateways.

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