Broadridge to Buy CQG to Boost Futures and Options Trading Capabilities

Broadridge Financial Solutions, Inc. (NYSE: BR) — a leading global fintech and financial services technology provider — has reached an agreement to acquire CQG, LLC, a specialised provider of futures and options trading technology, execution management systems (EMS), and market connectivity solutions.

Under the terms of the agreement, Broadridge will add CQG’s execution management, algorithmic trading, analytics and connectivity capabilities to its existing order management and client connectivity offerings. The move is designed to create a fully integrated, end-to-end trading platform for global futures and options markets, enhancing Broadridge’s multi-asset class trading technology suite.

The acquisition is expected to close between April and June 2026 — during Broadridge’s fiscal fourth quarter — subject to customary closing conditions and regulatory approvals, although the companies have not publicly disclosed the financial terms.

Strategic Rationale: Building a Unified Trading Platform

By bringing CQG’s technology into its ecosystem, Broadridge aims to simplify the trading workflow for institutional and professional participants — including futures commission merchants (FCMs), agency brokers, hedge funds, institutional investors and proprietary trading firms — by offering:

• Execution Management Systems (EMS) that enable more efficient order handling and routing,
• Algorithmic trading tools for automated trading strategies,
• Advanced analytics and market data insights to support better decision-making,
• Seamless market connectivity to global exchange venues.

Frank Troise, President of Broadridge’s Trading and Connectivity Solutions business, highlighted that the combined capabilities will simplify trading complexity, improve workflow efficiency and strengthen Broadridge’s digital asset trading solutions across asset classes.

Enhancing Futures & Options Capabilities

The integration of CQG’s technology aligns closely with Broadridge’s strategic efforts to expand its trading solutions across global derivatives markets. CQG’s established reputation in front-office execution management, market connectivity and real-time analytics complements Broadridge’s existing order management systems (OMS) — enabling customers to trade more efficiently with a single, cohesive technology stack.

Ryan Moroney, CEO of CQG, noted that combining the firm’s front-office execution and analytical tools with Broadridge’s global reach and middle-to-back-office strengths will enable clients to trade smarter, access new markets and respond more effectively to evolving market structures.

This acquisition also enhances Broadridge’s derivatives ecosystem, building on its existing offerings — including a cloud-native Futures & Options (F&O) Software-as-a-Service (SaaS) platform it launched earlier in recent years.

Market and Competitive Implications

The acquisition comes at a time when demand for advanced derivatives trading technology — particularly for futures and options markets — continues to grow among institutional and professional users. By offering a unified platform that spans front-office execution, order routing, analytics and connectivity, Broadridge seeks to:

• Strengthen its position against other multi-asset trading technology vendors,
• Provide a more comprehensive derivatives trading ecosystem, and
• Support clients’ operational needs as markets evolve and trading volumes increase.

The transaction also reinforces Broadridge’s broader mission to deliver highly connected, scalable and integrated trading solutions across asset classes, including digital assets, foreign exchange and listed derivatives.

What’s Next and Timeline

With regulatory approvals and closing conditions underway, both Broadridge and CQG are working toward completing the acquisition in early Q3 of Broadridge’s fiscal year 2026. Once the deal closes, Broadridge will begin integrating CQG’s technologies into its existing trading and connectivity platforms, delivering enhanced functionality to clients globally.

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