CQG News

Chen Zhao is the Chief Global Strategist of Alpine Macro. From 2015 to 2016, he was Co-Director of Macro Research at Brandywine Global Investment Management. Prior to Brandywine Global, Chen spent 23 years at BCA Research as Partner, Managing Editor and Chief Global Strategist, Chen developed and wrote BCA’s China and Emerging Markets publications in the 1990s. Chen became the firm’s Chief Global Strategist in the 2000s and was the author of BCA’s flagship publication, Global Investment Strategy from 2005 to 2015. He holds an MA in economics from the Central University of Finance and

Each Wednesday this article will be updated with the current seasonal study using CQG's Seasonal analysis applied to the Soybean, Wheat and Corn markets. You can download the CQG pac providing the studies and charts here. In addition, the seasonal data lines can be pulled into Excel using RTD formulas. Below each chart are two tables. The first table is the highest correlation of the current market data to the seasonal year using a 20-day, 50-day, 100-day and the 200-day lookback periods. The second table is the previous week's data. Seasonal analysis is about price direction or the trend.

The stock and bond markets posted gains in Q1 2023 after significant losses in 2022. The cryptocurrency asset class, led by Bitcoin and Ethereum, were the upside leaders after plunging from November 2021 through November 2022. The commodities asset class turned in a mixed performance in Q1 2023, but the consolidated results of the twenty-nine leading commodities trading on the U.S. and U.K. futures and forwards exchange were a loss. However, the commodity bull market that began in early 2020 remains intact. Bull markets rarely move in straight lines. In volatile commodity markets, price

This Microsoft Excel® macro enabled dashboard pulls in the Three Month SONIA Index Futures Contract which is a cash settled future based on the interest rate on a three month sterling deposit. The Dashboard enables the user to enter in the symbol for the first contract. Use: SO3+Month+2 digit year, such as SO3M2323. There are three forward curve charts. The first one displays the monthly contracts forward curve, the second display is the user selected calendar spreads forward curve, and the third chart displays the user selected calendar spreads forward curve. Each chart displays today's

Multiple FCM Order Handler In some cases a trader has a relationship with multiple FCMs. Each FCM can give the trader access to their accounts by making the trader an Order Handler (OH). Added "Ignore Order (Expired Contract)" Functionality This action is available for regular (non-external) orders that have an expired contract. Implement orders search by 'Batch Request GUID' for Emergency Control page Support for new orders search criteria (by Batch Request GUID) Added ability to open order search page from final step of Emergency Control wizard with pre-populated Batch Request GUID in a

Each Wednesday this article will be updated with the current seasonal study using CQG's Seasonal analysis applied to the Soybean, Wheat and Corn markets. You can download the CQG pac providing the studies and charts here. In addition, the seasonal data lines can be pulled into Excel using RTD formulas. Below each chart are two tables. The first table is the highest correlation of the current market data to the seasonal year using a 20-day, 50-day, 100-day and the 200-day lookback periods. The second table is the previous week's data. Seasonal analysis is about price direction or the trend.

Candlestick charts reveal some very powerful truisms. The candlestick chart graphics are based upon the most consistent investment indicator in the world, – human nature. Candlestick analysis has been in existence for hundreds of years. Japanese rice traders have identified signals and patterns that produce expected results based upon investor sentiment. If candlestick signals and patterns did not produce high probability expected results, they would not be around today. The Japanese rice traders did not become wealthy using Candlesticks, they became ‘legendarily’ wealthy. They were the

Fixed income traders know that FI markets that are yield based products move in the opposite direction as price based products. The Trading Ratios parameter has been upgraded to deal with this. If you define a spread as SPREAD(Z10Y-Yield(TYA),,,1B:1B) then the additional B in the trading ratio is buying this spread means buy 1 Z10Y and buy 1 TYA. S is also available. Here is a link to the help file.

First things first, I freely admit that there are potentially hundreds of views of technical analysis.  Nevertheless, in this article I hope to clearly outline what I feel are two of the most important and dominant views within the field of chart analysis, namely one of the most popular CTA/Hedge Fund views and that of the Commercial Hedger. The CTA/Hedge Fund View One of the most popular views of technical analysis within the Commodity Trading Advisor/Hedge Fund community is that of long-term trend followers.  Examples of these players include John W. Henry, Dunn Capital and so

… Does it take to screw up banking systems? For those who may not remember, in July 2012 then-ECB President Mario Draghi said he would use any monetary policy tool in an effort to PRESERVE THE EURO. During a testimony before EU Parliament on Monday, European Central Bank President Christine Lagarde boasted that the central bank and the EUROPEAN UNION had all the necessary tools to ensure against a banking situation similar to the US and the Swiss authorities. The problem for Lagarde is that EU banks were progenitors of the COCO bonds that caused so many Credit Suisse investors a great deal of

Each Wednesday this article will be updated with the current seasonal study using CQG's Seasonal analysis applied to the Soybean, Wheat and Corn markets. You can download the CQG pac providing the studies and charts here. In addition, the seasonal data lines can be pulled into Excel using RTD formulas. Below each chart are two tables. The first table is the highest correlation of the current market data to the seasonal year using a 20-day, 50-day, 100-day and the 200-day lookback periods. The second table is the previous week's data. Seasonal analysis is about price direction or the trend.

CQG's Data Quality team has added USDA WASDE Long-Term Projections to the data base. This data is published each February and the report provides projections for the agricultural sector out eleven years. The easiest way to find the symbols is to select the USDA - WASDE exchange and search for "proj". Then scroll the Symbol Finder for the market symbols of your choice. There are 2,376 new contracts. A CQG PAC is available at the bottom of the post that displays all of the long-term projection symbols in the Quote Spreadsheet V2 for the corn market and is linked to a chart. The price column

This Microsoft Excel® macro enabled dashboard pulls in the 30-Day Fed Funds market data traded on the CME Globex platform. The Dashboard enables the user to enter in the symbol for the first contract. Use: ZQE+Month+2 digit year, such as ZQEJ23. There are three forward curve charts. The first one displays the monthly contracts forward curve, the second display is the user selected calendar spreads forward curve, and the third chart displays the user selected calendar spreads forward curve. Each chart displays today’s forward curve, yesterday’s forward curve, the forward curve 5-days ago, and

A constant theme at NOTES FROM UNDERGROUND has been that the lunacy of Federal Reserve Chair Jerome Powell finding his inner Volcker belongs in the pantheon of fantasy. As I have said before: Paul Volcker wouldn’t be able to find his inner Volcker in a financial system plagued with HUGE amounts of leveraged risk, coupled with a huge overhang of both PUBLIC and PRIVATE DEBT. And yet FED officials are still out there pondering whether to raise 25 or 50 basis points at the next meeting. I would bet any FED president there will be a pause at the next meeting as the financial system needs to

Each Wednesday this article will be updated with the current seasonal study using CQG's Seasonal analysis applied to the Soybean, Wheat and Corn markets. You can download the CQG pac providing the studies and charts here. In addition, the seasonal data lines can be pulled into Excel using RTD formulas. Below each chart are two tables. The first table is the highest correlation of the current market data to the seasonal year using a 20-day, 50-day, 100-day and the 200-day lookback periods. The second table is the previous week's data. Seasonal analysis is about price direction or the trend.

Trading/Reporting Added Max Purchasing Power Limit to Accounts widget Added column for UserAttributes to Orders widget CQG One/Spreader Added spread/pair resolution in quoteboards Added Payup parameter Changed the name of Spread Builder to Strategy Builder Improved Strategy Builder creating synthetic spreads HMS/OTC Configure Bids & Offers: Added Advanced section  Added Cash Order Link column to Orders widgets for sorting Hedge Account Balance Details: Added location, limit and fills price columns Added ability to link HAB widget to HOT  Event Contracts Improved at-the-

CHICAGO / NEW YORK / BOCA RATON, Fla. – March 14, 2023 – CQG, a leading global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, today announced a strategic partnership with global Fintech leader, Broadridge Financial Solutions Inc. (NYSE: BR) that will integrate the two firms' Execution Management System (EMS) and Order Management System (OMS) respectively. The combination of CQG's front-end trading technology with Broadridge's Order Management System and the NYFIX network will be a first of its kind out-of-the-box

Each Wednesday this article will be updated with the current seasonal study using CQG's Seasonal analysis applied to the Soybean, Wheat and Corn markets. You can download the CQG pac providing the studies and charts here. In addition, the seasonal data lines can be pulled into Excel using RTD formulas. Below each chart are two tables. The first table is the highest correlation of the current market data to the seasonal year using a 20-day, 50-day, 100-day and the 200-day lookback periods. The second table is the previous week's data. Seasonal analysis is about price direction or the trend.

The Mark Center Button when toggled on will place an orange horizontal line on the DOM display when the Center button is pressed.

A new Data label for Quote Displays: Market State. The Trading Day proceeds through distinct periods, known as market states. A market state defines the types of activity allowed. Market states are managed by the Exchange. For more information please visit the CME as an example.