ErisX Derivatives Exchange to Use CQG Crypto Trading Tools and Market Data Analysis Platform
CQG Partners with ErisX to Provide A Trading Platform For Crypto Exchange
CQG, known as a provider of market data, technical analysis and trading, is now starting a partnership with ErisX, an exchange focused on derivates that is fully regulated, with a front-end trading platform. The partnership has been announced today, October 10. CQG will mainly assist the company in providing trading products for its clients.
This new product will be designed to be transparent, fully regulated and stable above everything. This way, it will be able to fill in the security and compliance gaps that haunt many digital asset exchanges and that often worry investors, which get uneasy thinking about the execution issues that a company like this can have.
Before announcing the partnership, ErisX had already announced plans to launch a regulated derivatives exchange as part of an ongoing effort to innovate in the company. It was also revealed today that TD Ameritrade Holding Corporation, which is based in Omaha and acts as a brokerage firm, has invested in the company.
The value of the investment, however, remains undisclosed at the time of this report.
Ryan Moroney has commented on the partnership stating that,
“CQG is happy to see that ErisX is bringing the digital value to the asset space and that the partnership will mark the beginning a futures contracts on a single platform.”
Moroney, which acts as the CEO of CQG, has also spoken about the high level of security and transparency in the company and that they believe that ErisX will open the markets for many of the institutional partners.
According to ErisX’s CEO, Thomas Chippas, the main reason why the company chooses to start the partnership with ErisX was that the other firm had a range of trading tools that they needed. They were impressed with the range of trading tools that they had there and with the idea of offering CQG’ Desktop as a front-end trading provider.
The ErisX website has stated that the company is also focused on launching spot contracts for digital assets soon and that there is a chance that they would start to be available at the second quarter of 2019, at the same time of the future contracts that the company is interested in.
The Project Has Many Backers
An important point is that DRW Venture Capital, Valor Equity Partners, Virtu Financial (VIRT), NEX Opportunities, Cboe Global Markets (CBOE), CTC Group Investments, ED&F Man Capital Market Inc. and others are already backing the company. This is a reminder that the project is under a serious development and that there is a huge amount of capital invested in it.
From these investors, it is worth paying extra attention to Cboe, which already works in the Bitcoin futures market and it is a very important company in the financial field, like many others of these names.
ErisX is a new company entering the digital trade market. Its professionals have an in-depth experience in the operation of regulated marketplaces of digital assets. The company is focused on delivering reliable and compliant capital markets with liquidity and security.
ErisX Exchange, an ErisX product, will have a license from the Commodity Futures Trading Commission (CFTC);
CQG is a company that was created to deliver a set of high performing solutions to global financial markets. The company has a vast number of partners which range from futures brokers to many clearing firms.
This company also provides access to over 45 exchanges for its clients and it uses data from over 75 sources to inform investors about the market.