CQG announced the release of CQG AutoTrader, a proprietary trading execution engine, at the FIA Chicago Expo.
CQG AutoTrader will work within CQG Integrated Client, which offers trading strategy development and back-testing.
"Due to changes in market structure, technology, and the rise of algorithmic trading customers' demand for automated execution has been increasing significantly," Vesna Straser, CQG director of trading analytics, tells Buy-Side Technology. "Traders have become more sophisticated in usage of backtesting, optimization and systematic trading, so it was only natural that we provide them with a tool that closes the loop with the ability to auto execute their systems."
Straser says over the last few years there was a growing demand among customers for an automated trading platform, something that was expected due to the evolution of technical analysis-based trading with the wider use of systematic quantitative methods.
The platform supports several order types and lets customers configure execution parameters related to price, size and timing of orders. CQG AutoTrader has a range of profit-and-loss and position-monitoring modules, allowing traders to track their trading signals and positions on charts and trading interfaces.
While CQG automated trading platform has been used by internal traders for over a decade, the development itself took about a year. The process, though, is ongoing, according to Straser, who says CQG AutoTrader is constantly being adjusted to meet the demands of the evolving market. Recently, Straser says various transparency and monitoring enhancements have been added.
An expansion into FX and equities is also in the works, along with a mobile application and the constant addition of more API offerings. Improvements are also being made to the backtesting/optimization platform.
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