Patsystems And CQG Combine Strengths

Company Press Release: Patsystems plc, the leading developer and provider of electronic trading systems, and CQG Inc., the premier graphic enhanced market data provider, announce today that they are combining their strengths to provide real-time futures trading directly from CQG screens via patsystems trade route/risk management architecture with connectivity to multiple global exchanges.

This alliance creates a powerful union of technology maximising potential for a highly effective global trading solution for market traders worldwide.

Integrating their systems provides benefits on both sides, giving patsystems' clients the ability to collate real-time quotations, charting, analytics, and options analysis. CQG customers are now able to trade directly from their CQG system, benefiting from access to a technology platform that delivers fast, high performance trading connectivity to the world's major electronic Exchanges.

patsystems' strategy of developing third party alliances creates substantial value added services to its own range of proprietary products. The open architecture of the patsystems trading 'backbone' enables complementary software to be easily added allowing its users greater flexibility, choice and customisation. In this instance, patsystems connects CQG User Screens and the CQG Order Routing Server to its system with built in Trade Level Support.

Benefits of the joint technology:

-Enables multiple participants to be cost effectively connected and involved in the trading process on a global basis

-CQG's configurable data and tools are delivered via the Internet, rather than satellite or leased line

-Automatic trade routing via patsytems offering a comprehensive integrated solution

-Unlimited order submission highways to single exchanges

-All trade orders are 'risk-checked' pre-trade and automatically rejected should they reach limits

-Straight-through processing solution

-Back-office API can be used to offer seamless integration between patsystems and a customers back/mid-office systems

CQG is a real-time, graphic-enhanced quotation vendor offering state-of-the-art data and analytics. With CQG, users can follow markets and now trade from anywhere in the world via the Internet.

Commenting of the partnership, Jacques de Cock, CEO of patsystems plc said: For patsystems this is another step forward to become the global trading platform of choice. We know our clients will benefit from the added capability of CQG's software and data to improve their ability to trade profitably.

Steve Dickey, VP E-Commerce of CQG, commented: By linking CQG to the patsystems' trade routing system, our clients now have the ability to trade electronically right from their CQG screens. CQG OTTO, as our integrated electronic interface is called, empowers the trader to instantly act on trading opportunities identified within their CQG system.

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