Our Take on CQG
CQG is a market leader in electronic trade routing, market data, and decision-making tools. Anyone who looks a bit closer at the technical details behind a prop firm challenge will often see a mention of CQG. It is impressive to see that over 100 FCMs work with CQG’s tech stack with big names like Deutsche Bank, J.P. Morgan, and TradeStation.
About CQG
CQG provides global market data from over 85 market sources, ensures accurate trade routing, and provides advanced tools for technical analysis. Over 100 futures commission merchants use their direct market access (DMA) functionalities to connect to over 40 exchanges.
Market Data
Most retail traders know CQG for their data feed, especially recently, when starting an evaluation with a prop firm. CQG and Rithmic dominate the futures prop firm market because both are reliable partners for accurate market data.
CQG’s market data is non-aggregated, providing market by price data (MBP), but they do not provide market by order data (MBO). The market depth in their trading DOM is limited to 10 steps to the up and down sides, and the tick by tick historical data is limited to 30 days.
The available exchanges are CBOT/Globex, CME, COMEX, ICE Futures US, NYMEX, SGX, and SGX FXQuote.
Trading Tool
CQG has many trading tools that most of us will likely never actively use, while those are often integrated within the broker and trading platforms of our choice. You can think about it like a white-labeled tech stack that uses the 40+ years of experience of CQG in the background.
The technical solutions of CQG include the CQG Integrated Client, CQG Sprader, CQG Q Trader, CQG Trader, CQG FC, CQG M, CQG Client APIs, and the CQG Data Factory.
The CQG platforms are priced on the higher end and are more interesting for high-volume traders like institutions. To just give you an example, the CQG Integrated client has a $595 monthly base fee, plus $1,400 for the CQG Spreader, plus optional data worth more than $2,000 extra, plus a study package that can cumulate to over $3,000.
For that reason, most retail traders will focus on their data feed or cheaper solutions like the CQG desktop, or simply use their futures broker platform where CQG’s tech is inside.
Brand Popularity
We’ve evaluated the number of monthly global searches for the brand name CQG.
|
Date |
Monthly Searches |
|---|---|
|
January, 2020 |
5,400 |
|
January, 2021 |
8,100 |
|
January, 2022 |
8,100 |
|
January, 2023 |
8,100 |
|
January, 2024 |
8,100 |
|
January, 2025 |
8,100 |
Read Customer Reviews of cqg.com
CQG currently has a Trustpilot rating of 3.8 out of 5, based on only 2 reviews, which is categorized as Great. However, the CQG profile on Trustpilot is unclaimed, so the ratings are neither moderated nor checked by any means.