CQG and Continuum Join Forces With AlgoFast

Continuum and CQG have partnered with AlgoFast to supply AlgoFast's algorithmic event trading software with CQG's global market data and trade execution capabilities.

Launched in 2012, AlgoFast's trading software offers high-speed, event-based algorithmic trade execution, incorporating news from more than 1,200 indicators worldwide. Through the CQG Integrated Client and CQG Trader API’s, AlgoFast receives real-time market data via CQG's feed.

Using this feed, the AlgoFast platform can integrate market data with its wide range of indicators to power algorithmic execution strategies. These event-triggered strategies are routed to CQG's global network of co-located Hosted Exchange Gateways for low-latency execution.

"CQG's hosted infrastructure, with its speed and responsiveness, is an excellent match for AlgoFast's performance requirements," Mike Glista, CQG's Director of Order Routing and VP of Continuum, said in a release. "Success in the event-based algorithmic trading space hinges on timely reactions and demands this speed and responsiveness. We look forward to providing the sophisticated AlgoFast platform with this service through our CQG API products."

AlgoFast Founder Justin Bouchard, added: "The novel event-based trading capabilities of AlgoFast will provide CQG's user base the ability to set predetermined trading strategies based on economic indicators from over thirty countries. AlgoFast's existing user base executing on the CME is eager to take advantage of the forty-plus exchanges offered on the CQG and Continuum network."

By integrating with both the CQG Integrated Client and CQG Trader APIs, CQG customers using either platform can implement the functionality, running AlgoFast side-by-side with CQG. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio