Broking Company NordFX is greatly popular among traders, not in the least because there one can trade on the most modern platform for trading and technical analysis - CQG Integrated Client (and its simplified version, CQG Trader, for beginner traders).
CQG Integrated Client was designed by US-based CQG Inc. which has specialized in developing software for the forex market and stock market trading for 40 years, enabling collection of prices from all leading exchanges, carrying out technical analysis, trading futures, options, US governmental bonds.
CQG is an indisputable global leader that uses advanced technologies to make its products most needed among professional traders.
What advantages does the CQG platform have to offer?
Firstly, accuracy of prices and speed of their delivery. 'Is this really an advantage?' - you might ask. Many trading platform developers speak of the accuracy and timeliness of delivery of information! But, after a closer look, advantages of CQG are obvious: this platform relays prices directly from exchanges by-passing different forwarders and saving split seconds that might be worth tens of thousands of profits! Compared to other platforms used by traders in the post-soviet area, CQG offers an advantage of half a second to a second. CQG uses the Push technology so, based on the FIX/FAST protocol, the market depth reflects all data arriving through the feed rather than fragmented information which is the case with outdated snapshots. The Push technology allows updating prices much more often which, you will agree, offers a more adequate picture of the market.
It is to the accuracy and speed of data delivery through CQG that major banks and investment companies of the world point out believing CQG to be the best ever trading and analysis tool for over twenty five years.
Secondly, CQG ensures analytics is as accurate as possible. All known analysis methods are represented on CQG, including proprietary ones (DiNapoli, Profitunity, Kase Statware, DeMark Indicators) and methods developed by CQG Inc's analysts. The news feed on CQG includes information from all major sources - Interfax, Dow Jones, Market News International, Hightower Report, Need to Know News. Any trader will like that the CQG platform supports creating, testing and optimizing trading strategies, installing your own indicators, downloading information to Excel and many other things.
Thirdly, CQG provides reliable and high-speed trading. Orders are sent in a matter of split seconds. In addition to standard functions such as account statements, profit and loss for open trades, margin requirements etc., CQG supports trading from different accounts, placing complex orders (bracket, Iceberg, trailing, triggered).
Fourthly, technical and professional support. Probably, this item of CQG advantages should have been put first. CQG Inc. trains both brokers and traders to operate its platform free of charge, while the company's consultants are online (phone or chat) round the clock. CQG Inc. offices are open in America, London, Paris, Frankfurt, Tokyo, Sydney, Singapore, and Moscow so the company offers the product's users support in their native tongue in the post-soviet area.
CQG users get financial data and a full package for technical analysis:
• futures and options from exchanges in the US, Europe, Asia, and Russia;
• spot currencies in the forex;
• the price of bank metals in the commodities and OTC markets;
• bond prices;
• prices of almost 10,000 US and European stocks;
• US economic statistics and many other things.
The CQG platform reflects data in a variety of interfaces: Market Watch, Custom Quote Board, Quote Board, Quote SpreadSheet, Enhanced Quote SpreadSheet, Time & Sales Data, Spread Matrix and Spread Pyramid.
Yes, the CQG platform is not a free gift to brokers and traders. But this is an 'adult' tool a professional trader will pay for with no regret. NordFX offers a simplified version, CQG Trader, to beginner traders as it does not have some features for analysis available to CQG Integrated Client. But the rate is quite acceptable for a beginner - $25 a month. Still, CQG Trader maintains the same data rate parameters as its professional CQG counterpart.
