CQG, a provider of high-performance technology solutions for traders, brokers, commercial hedgers and exchanges, continues to enhance its products and services.

A new trading application is now available for traders who want to simultaneously work orders on two or more exchanges. The primary goal of this interface is to allow the trader to place/observe/modify/cancel orders for individual legs of the aggregated contracts, using dedicated individual columns. Traders can work with several ‘similar’ contracts from a single interface.

The Aggregation Trader allows you to place a single order for similar instruments in two or more exchanges and let the system find the market with the best bid or offer.

You enter the aggregated symbol using the formula: AGGR(symbol&symbol). For example, AGGR(T.US.C027P0532&T.US.BU027P0532). You can use a Qformula. Launch the Aggregation Trader from the Trade Toolbar button.

Aggregation Trader displays the depth-of-market data for both exchanges and the aggregated totals. In addition, working orders can be modified by various popup order grids such as from the order cell.

The account sending an aggregated order must have margin availability as if independent leg orders for the total number of lots were executed. For example: Buy 10AGGR(A&B) would require the account to be approved for Buy 10A and Buy 10B.

Aggregation has two modes: Market Taking (default) and Market Making:

Market Taking Mode: Your order is held on the gateway server until your price becomes available in at least one market; at which time, the gateway server sends an order to the exchange. The configurable parameters for this mode are:

• Trading Distribution
• Partial Fill Control
• Working Threshold
• Order Type

Market Making Mode: Your order is sent immediately to the exchanges based on your trading distribution preferences. The gateway server then manages your orders to get you filled as quickly as possible at your price. The configurable parameters for this mode are:

• Trading Distribution
• Overfill Management