Broadridge Acquires CQG to Enhance Trading Solutions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2d ago
0mins
Should l Buy BR?
Broadridge Financial Solutions announced that it has entered into an agreement to acquire CQG, a provider of futures and options trading, execution management, and market connectivity. CQG will add complementary execution management, algorithmic trading, and analytics capabilities to Broadridge's order management and client connectivity solutions, creating an end-to-end trading suite for global futures and options markets. The expanded offering is designed to better support the evolving needs of clients across a broad spectrum of segments, including FCMs, institutional investors, retail brokers, proprietary trading firms, CTAs, and hedge funds. Clients will benefit from flexible, scalable solutions designed to support their growth objectives, accelerate speed to market, and deliver a powerful, fully integrated trading experience for both institutional and professional retail market participants. Under the agreement, Broadridge will acquire CQG's core global trading technology business through the purchase of CQG, LLC and certain affiliated operating entities and assets. Terms of the transaction were not disclosed. The transaction is not expected to have a material impact on Broadridge's financial results and is expected to close in early in Broadridge's fiscal Q4 subject to customary closing conditions, including regulatory approvals.
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Analyst Views on BR
Wall Street analysts forecast BR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BR is 267.80 USD with a low forecast of 240.00 USD and a high forecast of 305.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 193.540
Low
240.00
Averages
267.80
High
305.00
Current: 193.540
Low
240.00
Averages
267.80
High
305.00
About BR
Broadridge Financial Solutions, Inc. is a global financial technology company. It delivers technology-driven solutions to banks, broker-dealers, and asset and wealth managers. Its segments include Investor Communication Solutions (ICS) and Global Technology and Operations. Its ICS segment provides Regulatory Solutions, Data-Driven Fund Solutions, Corporate Issuer Solutions, and Customer Communications Solutions. ICS business involves the processing and distribution of proxy materials to investors in equity securities and mutual funds, and the facilitation of related vote processing. The Global Technology and Operations business offers mission-critical, scale infrastructure to the global financial markets. Its component-based platform automates the front-to-back transaction lifecycle of equity, mutual fund, fixed income, and foreign exchange and exchange-traded derivatives. It also specializes in participant onboarding, engagement, and analytics solutions for the retirement industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
CQG to be Acquired by Broadridge, Creating Global Trading Suite
- Acquisition Agreement: CQG has entered into an agreement with global fintech leader Broadridge for Broadridge to acquire CQG, integrating execution management, algorithmic trading, and analytics capabilities to create an end-to-end trading suite for the global futures and options markets, enhancing market competitiveness.
- Technological Integration Advantage: This acquisition will combine CQG's front-office execution management with Broadridge's order management solutions, enabling clients to trade smarter and adapt quickly to an increasingly interconnected market environment, thereby enhancing clients' market access and trading efficiency.
- Expanded Client Base: The new platform will support a broad range of clients, including futures commission merchants, institutional investors, retail brokers, and hedge funds, providing flexible, scalable solutions that help clients achieve growth objectives and accelerate market responsiveness.
- Limited Financial Impact: Although the terms of the transaction were not disclosed, it is expected to have no material impact on Broadridge's financial results, with the transaction anticipated to close before the end of Broadridge's fiscal fourth quarter, subject to customary regulatory approvals.
See More
CQG Signs Agreement for Acquisition by Broadridge
Agreement Overview: A new agreement has been reached for a significant acquisition by Broadridge.
Implications of the Acquisition: The acquisition is expected to enhance Broadridge's capabilities and market position.
See More
BROADRIDGE SET TO PURCHASE CQG, ENHANCING GLOBAL FUTURES AND OPTIONS TRADING ABILITIES
Acquisition Announcement: Broadridge has announced its acquisition of CQG, enhancing its capabilities in global futures and options trading.
Expansion of Services: This acquisition aims to expand Broadridge's offerings in trading solutions, particularly in the futures and options markets.
See More
Broadridge Acquires CQG to Expand Trading Platform
- Acquisition of Trading Technology: Broadridge Financial Solutions announced its acquisition of global trading technology provider CQG, aiming to combine order management with advanced execution tools to enhance its competitiveness in the futures and options platform.
- Integration of Trading Systems: This acquisition will add CQG's execution systems, analytics, and algorithmic trading capabilities to Broadridge's platform, expected to create a fully integrated trading suite for global futures and options markets.
- Strategic Implications: Broadridge stated that the acquisition will accelerate its innovation strategy across various asset classes, including futures, FX, and digital assets, helping clients navigate complex markets and seize new opportunities.
- Benefits for Clients and Employees: CQG CEO Ryan Moroney noted that the combined firm will enable clients to “trade smarter and adapt faster to new markets,” enhancing benefits for both employees and customers through shared resources.
See More
CQG Acquired by Broadridge to Create Global Trading Suite
- Acquisition Agreement: CQG has entered into an acquisition agreement with Broadridge, which will acquire CQG to integrate its execution management, algorithmic trading, and analytics capabilities, creating an end-to-end trading suite for the global futures and options markets, enhancing market competitiveness.
- Technological Integration Advantage: This acquisition will combine CQG's front-office execution management and connectivity technologies with Broadridge's order management solutions, aiming to simplify trading complexity, improve transparency and workflow efficiency, thereby enhancing the client trading experience.
- Market Demand Response: The new platform will support a broad client base, including futures commission merchants, institutional investors, and hedge funds, providing flexible and scalable solutions to accelerate speed to market and meet client growth objectives.
- Limited Financial Impact: Although the terms of the transaction were not disclosed, it is expected to have no material impact on Broadridge's financial results, with the transaction anticipated to close early in Broadridge's fiscal fourth quarter, subject to customary regulatory approvals.
See More
Broadridge Acquires CQG to Enhance Trading Solutions
- Acquisition Overview: Broadridge Financial Solutions has announced its acquisition of CQG, a leading provider of futures and options trading, which will enhance Broadridge's execution management and market connectivity capabilities, thereby strengthening its competitive edge in global multi-asset trading solutions.
- Technology Integration: By integrating CQG's execution management, algorithmic trading, and analytics capabilities with Broadridge's order management systems, a unified trading platform is expected to be created that simplifies trading complexity, improves transparency and workflow efficiency, and enhances digital asset trading capabilities.
- Client Benefits: The acquisition is designed to provide flexible and scalable solutions for a broad client base, including institutional investors, retail brokers, and hedge funds, helping them accelerate speed to market and achieve growth objectives, thereby enhancing the overall trading experience.
- Innovation Strategy Acceleration: The acquisition will accelerate Broadridge's ongoing innovation strategy across multiple asset classes, and by aligning CQG's agile development approach with Broadridge's global scale, new functionalities will be delivered faster, continuously creating value for clients worldwide.
See More
CQG to be Acquired by Broadridge, Creating Global Trading Suite
- Acquisition Agreement: CQG has entered into an agreement with global fintech leader Broadridge for Broadridge to acquire CQG, integrating execution management, algorithmic trading, and analytics capabilities to create an end-to-end trading suite for the global futures and options markets, enhancing market competitiveness.
- Technological Integration Advantage: This acquisition will combine CQG's front-office execution management with Broadridge's order management solutions, enabling clients to trade smarter and adapt quickly to an increasingly interconnected market environment, thereby enhancing clients' market access and trading efficiency.
- Expanded Client Base: The new platform will support a broad range of clients, including futures commission merchants, institutional investors, retail brokers, and hedge funds, providing flexible, scalable solutions that help clients achieve growth objectives and accelerate market responsiveness.
- Limited Financial Impact: Although the terms of the transaction were not disclosed, it is expected to have no material impact on Broadridge's financial results, with the transaction anticipated to close before the end of Broadridge's fiscal fourth quarter, subject to customary regulatory approvals.
See More
CQG Signs Agreement for Acquisition by Broadridge
Agreement Overview: A new agreement has been reached for a significant acquisition by Broadridge.
Implications of the Acquisition: The acquisition is expected to enhance Broadridge's capabilities and market position.
See More
BROADRIDGE SET TO PURCHASE CQG, ENHANCING GLOBAL FUTURES AND OPTIONS TRADING ABILITIES
Acquisition Announcement: Broadridge has announced its acquisition of CQG, enhancing its capabilities in global futures and options trading.
Expansion of Services: This acquisition aims to expand Broadridge's offerings in trading solutions, particularly in the futures and options markets.
See More
Broadridge Acquires CQG to Expand Trading Platform
- Acquisition of Trading Technology: Broadridge Financial Solutions announced its acquisition of global trading technology provider CQG, aiming to combine order management with advanced execution tools to enhance its competitiveness in the futures and options platform.
- Integration of Trading Systems: This acquisition will add CQG's execution systems, analytics, and algorithmic trading capabilities to Broadridge's platform, expected to create a fully integrated trading suite for global futures and options markets.
- Strategic Implications: Broadridge stated that the acquisition will accelerate its innovation strategy across various asset classes, including futures, FX, and digital assets, helping clients navigate complex markets and seize new opportunities.
- Benefits for Clients and Employees: CQG CEO Ryan Moroney noted that the combined firm will enable clients to “trade smarter and adapt faster to new markets,” enhancing benefits for both employees and customers through shared resources.
See More
CQG Acquired by Broadridge to Create Global Trading Suite
- Acquisition Agreement: CQG has entered into an acquisition agreement with Broadridge, which will acquire CQG to integrate its execution management, algorithmic trading, and analytics capabilities, creating an end-to-end trading suite for the global futures and options markets, enhancing market competitiveness.
- Technological Integration Advantage: This acquisition will combine CQG's front-office execution management and connectivity technologies with Broadridge's order management solutions, aiming to simplify trading complexity, improve transparency and workflow efficiency, thereby enhancing the client trading experience.
- Market Demand Response: The new platform will support a broad client base, including futures commission merchants, institutional investors, and hedge funds, providing flexible and scalable solutions to accelerate speed to market and meet client growth objectives.
- Limited Financial Impact: Although the terms of the transaction were not disclosed, it is expected to have no material impact on Broadridge's financial results, with the transaction anticipated to close early in Broadridge's fiscal fourth quarter, subject to customary regulatory approvals.
See More
Broadridge Acquires CQG to Enhance Trading Solutions
- Acquisition Overview: Broadridge Financial Solutions has announced its acquisition of CQG, a leading provider of futures and options trading, which will enhance Broadridge's execution management and market connectivity capabilities, thereby strengthening its competitive edge in global multi-asset trading solutions.
- Technology Integration: By integrating CQG's execution management, algorithmic trading, and analytics capabilities with Broadridge's order management systems, a unified trading platform is expected to be created that simplifies trading complexity, improves transparency and workflow efficiency, and enhances digital asset trading capabilities.
- Client Benefits: The acquisition is designed to provide flexible and scalable solutions for a broad client base, including institutional investors, retail brokers, and hedge funds, helping them accelerate speed to market and achieve growth objectives, thereby enhancing the overall trading experience.
- Innovation Strategy Acceleration: The acquisition will accelerate Broadridge's ongoing innovation strategy across multiple asset classes, and by aligning CQG's agile development approach with Broadridge's global scale, new functionalities will be delivered faster, continuously creating value for clients worldwide.
See More
