Kyte Group Deploys CQG

Under the terms of the license, the Islington, U.K.-headquartered firm can redistribute the platform to its clients as well as its internal trading desks.

According to Mike Glista, director of trade routing with CQG, Kyte and CQG had a number of conversations in the past, "but once we introduced our server-side spreader, it prompted us to revisit the conversation and made the deal go through."

Kyte officials decline to comment on the deal.

The first rollout went to a senior trader within the firm

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