Broadridge Acquires CQG for Futures Trading

Broadridge Financial Solutions, a global Fintech leader, has entered into an agreement to acquire CQG, a prominent provider of futures and options trading, execution management, and market connectivity. This strategic acquisition aims to integrate CQG's advanced execution management, algorithmic trading, and analytics capabilities with Broadridge's existing order management and client connectivity solutions. The combined entity will create an end-to-end trading suite for global futures and options markets, enhancing Broadridge's digital asset trading capabilities and accelerating its mission to deliver highly connected, multi-asset trading solutions worldwide. The transaction is expected to close in early Broadridge's fiscal fourth quarter, subject to regulatory approvals, and is not anticipated to have a material impact on Broadridge's financial results. This move is designed to better support the evolving needs of clients across various segments, including FCMs, institutional investors, retail brokers, proprietary trading firms, commodity trading advisors, and hedge funds.