DENVER and MENLO
PARK, Calif., March 6,
2025 /PRNewswire/ -- CQG, a leading global provider
of high-performance technology solutions for market makers,
traders, brokers, commercial hedgers and exchanges, and Robinhood
Derivatives LLC ("Robinhood") (NASDAQ: HOOD), announced today that
they have partnered to use CQG's professional-grade infrastructure
to handle order routing for Robinhood Derivatives' futures customer
orders.
As of January 31, 2025, Robinhood
has 25.5 million funded customers and assets under custody of
$204 billion. CQG provides a broad
range of technology solutions for financial market participants of
all sizes, including many of the largest financial institutions,
retail futures brokerage firms, hedge funds and active professional
traders, as well as numerous exchanges.
CQG CEO Ryan Moroney said: "There
is phenomenal, growing interest by retail investors in futures and
options, and we're delighted to play a role in meeting that need.
CQG has been a pioneer in offering robust technology and
connectivity for the futures industry for 45 years, and we've
recently expanded into multiple asset classes. We're honored that
Robinhood, which has invested considerable resources and ingenuity
into its popular, user-friendly mobile app, chose our technology to
provide the 'pipes' for its critical ability to route orders
rapidly and successfully to trading venues across the globe."
JB Mackenzie, Vice President and General Manager of Futures and
International at Robinhood, said: "Implementing CQG will be
seamless to our customers while providing a robust backbone to
their trading experience. I've personally used and deployed CQG
technology and know firsthand the firm's commitment to excellence,
resilience and stability. We look forward to this partnership as we
further strengthen our rapidly growing business."
All eligible Robinhood customers in the U.S. now have access to
a selection of CME Group's most popular futures products across
five major asset classes, including the four leading U.S. equity
indices – S&P 500, Nasdaq-100, Russell 2000 and Dow Jones
Industrial Average – as well as bitcoin and ether,
major foreign exchange (FX) currency pairs, key metals and
additional commodities including crude oil and natural gas.
Robinhood will use CQG's application programming interface (API)
for the firm's order routing network on all futures and the
non-U.S. orders for equities and equity options.
About CQG
CQG provides the industry's highest performing solutions for
traders, brokers, commercial hedgers and exchanges for their
market-related activities globally, including trading, market data,
advanced technical analysis, risk management, and account
administration. The firm partners with the vast majority of futures
brokerage and clearing firms and provides Direct Market Access
(DMA) to more than 45 exchanges through its global network of
co-located Hosted Exchange Gateways. CQG technology serves as the
front end for a variety of exchanges and is increasingly employed
as the over-the-counter matching engine for important new markets.
CQG's server-side order management tools for spreading, market
aggregation, and smart orders are unsurpassed for speed and ease of
use. Its market data feed consolidates 85 sources, including
exchanges worldwide for futures, options, fixed income, foreign
exchange, and equities, as well as data on debt securities,
industry reports, and financial indices. One of the longest-serving
technology solutions providers in the industry, CQG has won
numerous awards for its trading software, technical analysis and
multi-asset trading platform. CQG is headquartered in Denver, with sales and support offices and
data centers in key markets globally, providing services in more
than 60 countries. For more information, visit www.cqg.com.
About Robinhood
Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial
services by introducing commission-free stock trading and
democratizing access to the markets for millions of investors.
Today, Robinhood lets you trade stocks, options, commodity
interests, and crypto, invest for retirement, and earn
with Robinhood Gold. Headquartered in Menlo Park, California, Robinhood puts
customers in the driver's seat, delivering unprecedented value and
products intentionally designed for a new generation of investors.
Additional information about Robinhood can be found at
www.robinhood.com.
Robinhood uses the "Overview" tab of its Investor Relations
website (accessible at investors.robinhood.com/overview) and its
Newsroom (accessible at newsroom.aboutrobinhood.com), as means of
disclosing information to the public in a broad, non-exclusionary
manner for purposes of the U.S. Securities and Exchange
Commission's ("SEC") Regulation Fair Disclosure (Reg. FD).
Investors should routinely monitor those web pages, in addition to
Robinhood's press releases, SEC filings, and public conference
calls and webcasts, as information posted on them could be deemed
to be material information.
"Robinhood" and the Robinhood feather logo are registered
trademarks of Robinhood Markets, Inc. All other names are
trademarks and/or registered trademarks of their respective
owners.
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SOURCE CQG
