Features

CQG has improved its industry-leading order execution, market data, and analytics platform by providing enhanced functionality for fixed income traders.

We now offer the following features to fixed income traders:

• Spread Across Multiple Accounts: CQG Spreader, developed exclusively for spread traders needing sophisticated order management and ultra-low-latency execution, allows traders to spread between multiple brokerage accounts. For example, a trader can spread US Treasuries against US Treasury futures even when they have different brokerage accounts for these instruments.
• Hosted Direct Market Access to All Major Treasury Exchanges: For fixed income and futures cash spread trading, CQG Spreader allows you to route orders and connect to BrokerTec, BGC, CME Group, ELX Futures, GovEx, and NYSE Liffe U.S.
• Aggregation: Server-side aggregation is part of CQG’s suite of server-side order management tools. You can automatically trade similar instruments on two or more exchanges and manage where the trades get filled based on your preferences. These tools are extremely powerful when used with CQG Spreader. Unlike other vendors, CQG allows you to execute automated spreads where each leg of the spread is an aggregation of two or more markets.
• Yield Pricing: Traders can trade fixed income securities, including futures on these instruments, based on yield.

Data Sources

CQG's Fixed Income Solution

Trade your way with CQG's comprehensive tools:

• Market-depth fixed income trading of treasury benchmark contracts
• Live and historical fixed income pricing from the heart of the market
• The industry’s most complete source of liquid pricing for capital markets
• Server-side aggregation to CQG’s gateway server, which enables traders to automatically trade similar instruments on two or more exchanges with CQG’s server-side order routing gateway

The choice of fixed income traders since 1993:

• Over a decade of industry-leading fixed income market coverage
• Superior tools for analytics from a premier provider, including spreading fixed income instruments against futures contracts of those instruments with CQG Spreader
• The first comprehensive, fully-integrated, and graphically-enhanced data and analysis solution available for fixed income traders

With CQG's fixed income solution, you can:

• Analyze spread relationships within a historical perspective
• Overlay charts
• Use correlation analysis to identify market relationships
• Gain a better understanding of capital flows
• Use CBOT Treasury Conversion Factors to determine “cheapest to deliver”
• Trade fixed income securities, including futures on those instruments, based on yield

Fixed Income Support

Below, you will find a symbol list cross-referencing each product, Microsoft Excel® spreadsheets with real-time DDE links, and formulas for the primary spreads by product that may be imported into CQG.

Formulas and Spreads for import into CQG
Review our instructions before importing component pacs.

• Fixed Income Spreads component pac - Contains spreads using the BrokerTec and BGC Market Data symbols. Loading this component pac will override all changes to your CQG Pages.*

Symbol List and Excel Spreadsheets

• BrokerTec DDE list - Contains real-time links for DDE clients looking to view BrokerTec data in Excel*
• UST Symbols list - Lists the benchmark symbols for price and yield, off-the-run prices, and T-bills for BrokerTec, BGC Market Data, GovPX, and Tullett
• BGC Market Data DDE list - Contains real-time links for DDE clients looking to view BGC Market Data figures in Excel*
• CBOT - Includes the CBOT's Interest Rate page and contains a link to their Treasury Conversion Factors
• Tullett SwapMarker DDE - Contains real-time links for DDE clients to view Tullett's SwapMarker data in Excel*

*Note:  A zip file decompresor, such as WinZip®, is required to view these files

For more information on CQG's fixed income solution, please contact Customer Support.

Microsoft Excel is a registered trademark of Microsoft Corporation in the United States and/or other countries.