CQG Enters into Agreement for Acquisition by Broadridge
Rhea-AI Summary
Broadridge (NYSE:BR) agreed to acquire CQG to create an end-to-end trading suite for global futures and options markets. CQG's execution management, algorithmic trading and analytics will integrate with Broadridge's order management and connectivity to expand multi-asset trading capabilities.
The deal is expected to close early in Broadridge's fiscal fourth quarter ending June 30, is subject to customary conditions and regulatory approvals, and terms were not disclosed.
Positive
- Creates an end-to-end trading suite combining execution, analytics and order management
- Expands Broadridge's global connectivity and multi-asset trading capabilities
- Enhances Broadridge's digital asset trading and futures/options product set
- Potential for improved workflow efficiency and client transparency across FCMs, institutions and brokers
Negative
- Transaction terms not disclosed, leaving valuation and dilution impact unclear to investors
- Closing is subject to regulatory approvals, which could delay completion or impose conditions
- Company said the deal is not expected to materially affect Broadridge results, limiting near-term financial upside
Market Reaction
Following this news, BR has declined 4.35%, reflecting a moderate negative market reaction. Our momentum scanner has triggered 9 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $185.12. This price movement has removed approximately $983M from the company's valuation.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Market Reality Check
Peers on Argus
BR is up 1.8% while key IT services peers (WIT, CTSH, FIS, LDOS, GIB) show small declines, indicating 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 to expand cross-border fund distribution services. |
| Sep 09 | Acquisition announcement | Positive | -0.4% | Acquisition of iJoin to strengthen retirement plan technology offerings. |
| Aug 19 | Acquisition announcement | Positive | +1.1% | Acquisition of Signal to enhance UK and European digital communications. |
| Jul 03 | Acquisition agreement | Positive | +1.7% | Agreement to acquire Acolin, expanding pan-European fund distribution network. |
| Nov 01 | Acquisition completion | Positive | -0.3% | Completion of Kyndryl SIS acquisition to bolster Canadian wealth software. |
Acquisition announcements typically trigger small moves for BR, with a slight tilt toward price declines despite generally positive strategic framing.
Over the past 18 months, Broadridge has repeatedly used acquisitions to expand capabilities and geography. Deals for Acolin, iJoin, Signal, and Kyndryl SIS broadened cross-border fund distribution, retirement technology, digital communications, and Canadian wealth platforms. Same-tag events show modest average stock moves of about 0.32%, with three negative and two positive reactions. Today’s CQG acquisition fits this ongoing roll-up and capability-expansion pattern in trading and connectivity solutions.
Historical Comparison
In the last five acquisition announcements/completions, BR moved an average of 0.32%. Today’s 1.8% gain screens as a stronger-than-usual but still moderate reaction.
Acquisition history shows Broadridge methodically extending distribution, communications, retirement, and now trading/connectivity capabilities through bolt-on deals.
Regulatory & Risk Context
Broadridge has an effective S-3ASR shelf filed on 2025-08-05 that remains active through 2028-08-05, providing pre-cleared capacity for potential future securities issuance, though no usage is recorded so far.
Market Pulse Summary
This announcement extends Broadridge’s acquisition-driven build-out of trading and connectivity solutions, adding CQG’s futures, options, and analytics capabilities to its existing order management platform. Historically, acquisition news for BR has produced modest average moves of about 0.32%, with both positive and negative single-day reactions. Investors may track progress toward closing by the fiscal fourth quarter ending June 30, integration updates post-close, and how the deal complements recent acquisitions in distribution and digital communications.
Key Terms
algorithmic trading technical
digital asset trading technical
AI-generated analysis. Not financial advice.
Combination to Create End-to-End Trading Suite for Global Futures and Options Markets
"Our combined capabilities will provide a global multi-asset class trading experience defined by speed, scale and intelligence," said Ryan Moroney, CEO of CQG. "Broadridge's deep global reach and front-to-back capabilities and our expertise in front-office execution management and connectivity will enable clients to trade smarter, access new markets and adapt faster in an increasingly connected futures and options marketplace. The CQG team is truly excited to join a company with the history and successful track record of Broadridge."
"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."
Moroney added: "Broadridge has been a terrific partner since we decided to integrate some of our technologies a few years ago, and the team has made it clear they value our talented employees, culture, loyal client base, rapid delivery of new functionality and innovation. In this fast-moving environment, we believe the shared values between our firms, along with our combined global reach, significant resources and complementary technology make this transaction so compelling for CQG and exactly the right step for our employees and customers."
Terms of the transaction, which are not expected to have a material impact on Broadridge's financial results, were not disclosed. The transaction is expected to close early in Broadridge's fiscal fourth quarter that ends June 30, subject to customary closing conditions, including regulatory approvals.
The expanded offering is designed to better support the evolving end-to-end needs of clients across a broad spectrum of segments, including futures commission merchants (FCMs), institutional investors, retail brokers, proprietary trading firms, commodity trading advisors (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 institutional and professional retail market participants alike.
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
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. The firm powers investing, governance and communications for its clients – driving operational resiliency, elevating business performance and transforming investor experiences.
Broadridge's technology and operations platforms process and generate over 7 billion communications annually and underpin the daily average trading of over
For more information, visit www.broadridge.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/cqg-enters-into-agreement-for-acquisition-by-broadridge-302680828.html
SOURCE CQG
FAQ
What did Broadridge (BR) announce about acquiring CQG on February 6, 2026?
When is the Broadridge (BR) acquisition of CQG expected to close?
Will the CQG acquisition materially impact Broadridge's financial results for 2026?
How does CQG complement Broadridge's existing offerings for BR shareholders?
What investor risks should shareholders consider about Broadridge's (BR) deal for CQG?
