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CQG, a provider of technology for integrating market data, technical analysis and trade routing, has joined forces with Robinhood to handle order routing for the broker’s futures customers.
CQG’s network of electronic trading gateways provides traders with market data, graphical analysis and low-latency trading access to a global network of futures and options exchanges as well as fixed income and foreign exchange markets.
The agreement allows Robinhood to use CQG’s infrastructure for routing futures orders, ensuring faster and more reliable trade execution. The integration is already available for Robinhood users, who now have access to futures trading in five major asset classes, including U.S. equity indices, cryptocurrencies, foreign exchange, metals, and commodities such as crude oil and natural gas.
Ryan Moroney, CEO of CQG, said the growing interest in futures and options among retail investors made this partnership an important step. “CQG has been a pioneer in offering robust technology and connectivity for the futures industry for 45 years, and we’ve recently expanded into multiple asset classes. We’re honored that Robinhood chose our technology for its order routing network.”
JB Mackenzie, Vice President and General Manager of Futures and International at Robinhood added: “CQG provides a robust backbone for our trading experience. I’ve personally used and deployed CQG technology and know firsthand the firm’s commitment to excellence, resilience, and stability.”
Robinhood customers in the U.S. can now trade a selection of CME Group futures contracts, including S&P 500, Nasdaq-100, Russell 2000, and Dow Jones Industrial Average futures, as well as bitcoin, ether, major FX pairs, and key commodities. Robinhood will also use CQG’s API for non-U.S. equity and equity options order routing.
The institutional-oriented brokerage group provides trading and risk management solutions for brokers, traders, and exchanges worldwide, offering direct market access to over 45 exchanges. Robinhood’s adoption of CQG’s technology comes as the brokerage expands its futures trading business.
CQG One caters mainly to professional traders and institutional investors, acting as a multi-asset, multi-broker platform that offers a comprehensive set of pre-built algorithmic order types.
