Broadridge to Acquire CQG, Expanding Global Futures and Options Trading Capabilities
Rhea-AI Summary
Broadridge (NYSE: BR) announced on Feb. 6, 2026 that it has entered into an agreement to acquire CQG, a provider of futures and options trading, execution management, and market connectivity.
The deal will combine CQG's execution management, algorithmic trading, and analytics with Broadridge's order management and global connectivity to create an end-to-end trading suite. Terms 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 fourth quarter, subject to customary closing conditions including regulatory approvals.
Positive
- Creates an end-to-end trading suite for global futures and options markets
- Adds execution management, algorithmic trading, and analytics to Broadridge's order management
- Aims to accelerate product delivery by combining CQG's agile development with Broadridge's global scale
Negative
- Terms of the transaction were not disclosed
- Close is subject to regulatory approvals and customary conditions
News Market Reaction
On the day this news was published, BR declined 6.01%, reflecting a notable negative market reaction. Argus tracked a trough of -2.5% from its starting point during tracking. Our momentum scanner triggered 57 alerts that day, indicating high trading interest and price volatility. This price movement removed approximately $1.39B from the company's valuation, bringing the market cap to $21.68B at that time.
Data tracked by StockTitan Argus on the day of publication.
Market Reality Check
Peers on Argus
BR was up 1.8% while key peers like FIS, WIT, CTSH, LDOS, and GIB all showed negative moves, pointing to a stock-specific reaction rather than a sector-wide move.
Previous Acquisition Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 06 | Acquisition completion | Positive | -0.5% | Completion of Acolin acquisition adding cross-border fund distribution capabilities. |
| Sep 09 | Retirement tech buy | Positive | -0.4% | Acquisition of iJoin to strengthen retirement plan technology and services. |
| Aug 19 | Digital comms deal | Positive | +1.1% | Acquisition of Signal to expand digital communications in UK and Europe. |
| Jul 03 | Acolin agreement | Positive | +1.7% | Agreement to acquire Acolin, enhancing pan-European fund distribution network. |
| Nov 01 | Kyndryl SIS deal | Positive | -0.3% | Completion of Kyndryl SIS acquisition to strengthen Canadian wealth and capital markets. |
Recent acquisitions have typically led to modest, mixed price reactions, with both small gains and small declines around these strategic deal announcements.
Over recent months Broadridge has combined steady corporate activity with ongoing M&A. Recognition by Fortune and multiple technology-focused surveys highlighted its positioning in financial data and digital solutions. The company has actively used acquisitions such as Acolin, Signal, iJoin, and Kyndryl SIS to expand cross-border distribution, digital communications, and Canadian wealth capabilities. Today’s CQG agreement continues this acquisition-driven expansion of trading and connectivity solutions, building on prior deals that broadened its product set and geographic reach.
Historical Comparison
In the past five acquisition headlines, BR’s average move was only 0.32%, indicating that investors have historically reacted modestly to similar strategic expansion deals.
Broadridge has used serial acquisitions—Acolin, iJoin, Signal, and Kyndryl SIS—to broaden cross-border distribution, retirement technology, digital communications, and Canadian wealth platforms, with the CQG deal extending this pattern into global futures, options, and multi-asset trading.
Regulatory & Risk Context
Broadridge has an effective S-3ASR shelf filed on 2025-08-05 that remains active through 2028-08-05. The filing shows 0 recorded usages so far, but the specific capacity amount is not provided in the available data.
Market Pulse Summary
The stock moved -6.0% in the session following this news. A negative reaction despite strategic positioning would fit prior patterns where several acquisitions, such as Acolin and iJoin, saw small declines around announcement. With an average move of 0.32% across recent acquisition news, a sharper drop could suggest concern about integration risk, spending priorities, or the payoff horizon for expanding into futures, options, and digital assets. Investors may also consider the existing S-3ASR shelf and broader deal activity when assessing dilution or capital allocation.
Key Terms
execution management technical
algorithmic trading technical
digital asset trading financial
FX financial
AI-generated analysis. Not financial advice.
Acquisition will strengthen Broadridge's execution management offering and advance its mission to deliver highly connected, multi-asset trading solutions worldwide
"The acquisition of CQG will accelerate Broadridge's mission to deliver advanced, highly connected trading solutions on a global scale," said Frank Troise, President of Broadridge's Trading and Connectivity Solutions business. "Integrating CQG's advanced execution management, analytics, and connectivity technologies with Broadridge's leading order management and connectivity solutions will create a unified platform in futures and options that simplifies trading complexity, improves transparency and workflow efficiency, and enhances Broadridge's digital asset trading capabilities."
"We are truly excited to combine CQG's nimble approach and powerful front-office execution management, analytics and connectivity solutions with Broadridge's deep global reach and front-to-back capabilities," said Ryan Moroney, CEO of CQG. "The trading experience of our collective clients will be defined by speed, intelligence, and scale, enabling them to trade smarter, access new markets, and adapt faster in an increasingly dynamic marketplace. The CQG team is truly excited to join a company with the history and successful track record of Broadridge."
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.
The acquisition also accelerates Broadridge's ongoing innovation strategy across asset classes, spanning futures and options, FX, and digital assets. Aligning CQG's agile development approach with Broadridge's global scale will enable the delivery of new functionality faster, while driving continuous value creation for clients worldwide.
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 fourth quarter subject to customary closing conditions, including regulatory approvals.
About Broadridge
Broadridge Financial Solutions (NYSE: BR) is a global technology leader with trusted expertise and transformative technology, helping clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.
Our technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over
For more information about us, please visit www.broadridge.com
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
Forward-Looking Statements
This press release and other written or oral statements made from time to time by representatives of Broadridge may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not historical in nature, and which may be identified by the use of words such as "expects," "assumes," "projects," "anticipates," "estimates," "we believe," "could be," "on track," and other words of similar meaning, are forward-looking statements. In particular, information about the impact of the acquisition of CQG are forward-looking statements.
These statements are based on management's expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ materially from those expressed. These risks and uncertainties include those risk factors described and discussed in Part I, "Item 1A. Risk Factors" of our Annual Report on Form 10-K for the year ended June 30, 2025 (the "2025 Annual Report"), as they may be updated in any future reports filed with the Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by reference to the factors discussed in the 2025 Annual Report.
There may be other factors that may cause our actual results to differ materially from the forward-looking statements. Our actual results, performance or achievements could differ materially from those expressed in, or implied by, the forward-looking statements. We can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if any of them do, what impact they will have on our results of operations and financial condition.
Broadridge disclaims any obligation to update or revise forward-looking statements that may be made to reflect events or circumstances that arise after the date made or to reflect the occurrence of unanticipated events, other than as required by law.
Contacts:
Investors:
broadridgeir@broadridge.com
Media:
Gregg Rosenberg
Global Head of Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc.
FAQ
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