CQG Leadership Addresses the State of the Second Half and Industry Trends at FIA EXPO

CQG's Ryan Moroney and Pat Kenny at FIA EXPO
John Lothian

John Lothian

Executive Chairman and CEO

 

John Lothian News conducted an exclusive video interview at the FIA’s EXPO in Chicago with CQG President Ryan Moroney and Senior Vice President Pat Kenny. The interview delved into the current state of CQG and explored industry trends, shedding light on the company’s strategic direction.

As the discussion began, Moroney and Kenny addressed the performance of the second half of the year for CQG. Kenny said, “Everything has been a little higher, higher, higher, over the last two or three years.”

“The second half looks great. I think it just leads to next year and what might happen next year for CQG to be even better,” Kenny said. 

Moroney said volumes are doing so well, CQG’s all-time highs are normal for the firm now. 

JLN asked about the client base driving the upsurge in trading volume.  “Growing for us has been retail specifically,” Moroney said. “We play in all those buckets. So we have institutional customers, we have pro tail, we have kinda the prop guys. Retail has been a very fast growing area for us.”

Moroney noted that retail clients are trading smaller micro and mini contracts. Kenny noted there is increasing interest in the electronic agricultural markets. 

The two men also discussed how CQG is addressing the challenges faced by clients.  Risk was the first thing Moroney mentioned, both pre-trade and post-trade. 

The use of artificial intelligence (AI) within CQG’s platform was another focal point of the interview. CQG has been investing in research and development of AI for the past nine months, Moroney said. The firm has a number of prototypes that will come into service next year, he said. 

The conversation concluded with an update on CQG’s suite of execution technologies.  This is the group working on the AI products, Moroney said. 

 

Pity Hedge Funds That Lost in Electricity Chaos — No, Really

Pity Hedge Funds That Lost in Electricity Chaos — No, Really

First Read Hits & Takes John Lothian & JLN Staff Rep. Jennifer Wexton (D-Va.), who has been battling a degenerative disease that has severely weakened her voice, recently introduced a new, AI-generated version of her speaking voice to her constituents, The...

We visit more than 100 financial news websites daily (Would YOU do that?)

Options Discovery

Now Read This

NYSE Executive Hyde Sees Retail Surge and Regulatory Hurdles Shaping Options Market Future

NYSE Executive Hyde Sees Retail Surge and Regulatory Hurdles Shaping Options Market Future

In an interview at the Options Industry Conference in Asheville, NC, James Hyde, head of business development and strategic partnerships at NYSE Options, offered insights into the current state of the options industry. The interview, conducted by John Lothian News as part of the JLN Industry Leader video series sponsored by OCC, touched on several key topics shaping the market.

When asked about customer priorities, Hyde highlighted the growing interest in short-dated single-name options in the equity space. “The industry is clearly focused on that,” he said, noting that a wide group of stakeholders, including representatives from the Options Clearing Corporation (OCC), exchanges, and the SEC, are actively discussing the topic. 

John Lothian: Week in Review (July 8-12, 2024)

John Lothian: Week in Review (July 8-12, 2024)

JLN PRESS ROOM PICK OF THE WEEK

Clear Street’s Bold Move: Former Cboe Chairman & CEO Ed Tilly Joins Fintech to Revolutionize Clearing and Custody Systems

Clear Street, a fintech startup founded in 2018, is making waves in the financial services industry with its ambitious plan to revolutionize clearing and custody infrastructure and its big-name hiring of former Cboe Global Markets Chairman and CEO Ed Tilly. In an interview with John Lothian News, CEO Chris Pento and President-Designate Tilly outlined the company’s vision and progress.

Vermiculus Chairman Envisions Future of Exchange Tech: Microservices and AI Lead the Way

Vermiculus Chairman Envisions Future of Exchange Tech: Microservices and AI Lead the Way

In a recent interview at London’s Park Plaza Westminster Hotel during the FIA’s International Derivatives Week, Nils-Robert Persson, Chairman of the Swedish technology firm Vermiculus, shared insights into the company’s innovative approach to financial technology and its vision for the future of exchange systems.

Persson highlighted the evolving landscape of exchange functionality, predicting a significant expansion in offerings to members and customers over the next five years. He emphasized the growing importance of real-time risk calculation, made possible by new technology that doesn’t compromise on latency – a crucial factor for market participants.

Celebrating Independence and Competition: A Fourth of July Reflection

Celebrating Independence and Competition: A Fourth of July Reflection

We just celebrated the Fourth of July holiday and JLN continued its annual tradition of publishing the Declaration of Independence. I have always loved the beginning of the second paragraph:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. 

As a writer who advocates for market-based solutions, I believe certain market principles to be self-evident. I hold that markets should be open, transparent, and fair. These were the values that the open outcry futures markets I grew up with strived for every day, in every session and trade. These values produced the critical concept of price, which was the most powerful news imaginable. They gave the markets and their prices integrity, instilling in traders a way of life that transcended the action of the trading pit. From this openness, transparency, fairness, and integrity came a greatness that spread throughout the world as different financial communities embraced derivatives trading.

Pin It on Pinterest

Share This Story