Broadridge Acquires CQG to Enhance Trading Solutions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 06 2026
0mins
Should l Buy BR?
Broadridge Financial Solutions announced that it has entered into an agreement to acquire CQG, a provider of futures and options trading, execution management, and market connectivity. CQG will add complementary execution management, algorithmic trading, and analytics capabilities to Broadridge's order management and client connectivity solutions, creating an end-to-end trading suite for global futures and options markets. 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. 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 Q4 subject to customary closing conditions, including regulatory approvals.
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Analyst Views on BR
Wall Street analysts forecast BR stock price to rise
6 Analyst Rating
2 Buy
4 Hold
0 Sell
Moderate Buy
Current: 170.470
Low
240.00
Averages
267.80
High
305.00
Current: 170.470
Low
240.00
Averages
267.80
High
305.00
About BR
Broadridge Financial Solutions, Inc. is a global financial technology company. It delivers technology-driven solutions to banks, broker-dealers, and asset and wealth managers. Its segments include Investor Communication Solutions (ICS) and Global Technology and Operations. Its ICS segment provides Regulatory Solutions, Data-Driven Fund Solutions, Corporate Issuer Solutions, and Customer Communications Solutions. ICS business involves the processing and distribution of proxy materials to investors in equity securities and mutual funds, and the facilitation of related vote processing. The Global Technology and Operations business offers mission-critical, scale infrastructure to the global financial markets. Its component-based platform automates the front-to-back transaction lifecycle of equity, mutual fund, fixed income, and foreign exchange and exchange-traded derivatives. It also specializes in participant onboarding, engagement, and analytics solutions for the retirement industry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Broadridge Financial Solutions Achieves $365 Billion Daily Trading Volume
- Daily Trading Volume Surge: Broadridge's Distributed Ledger Repo platform processed an average of $365 billion in daily repo transactions in January 2026, reflecting a remarkable 508% year-over-year increase from January 2025, indicating sustained institutional adoption of tokenized real-asset settlement.
- Demand-Driven Adoption: According to Horacio Barakat, the adoption of the DLR platform is driven by the tangible value institutions experience in their daily operations, as Broadridge aims to extend its scale into intraday funding and enhanced collateral mobility with a growing client base.
- Expansion into Complex Use Cases: The DLR platform is evolving beyond foundational repo workflows into more complex institutional use cases, including sponsored and intraday repos, which facilitate the efficient movement of high-quality collateral throughout the trading day, thereby improving liquidity management precision.
- Unlocking Global Market Opportunities: As innovation and market momentum push tokenization into its next phase, Broadridge is unlocking new opportunities across global capital markets by connecting traditional and digital financial ecosystems, thereby driving innovation and growth in the financial services industry.
See More
Broadridge's DLR Platform Achieves $365 Billion Daily Average Transactions
- Surge in Daily Transactions: Broadridge Financial Solutions' DLR platform processed an average of $365 billion in daily repo transactions in January 2026, marking a 508% year-over-year increase from January 2025, indicating sustained institutional adoption and trust in tokenized real-asset settlement.
- Total Transaction Volume: The total transaction volume for January reached $7.3 trillion, demonstrating the DLR platform's growing significance in global capital markets, facilitating efficient movement of high-quality collateral and reducing financing costs.
- Expansion and Innovation: Broadridge is extending the DLR platform's applications into more complex institutional use cases, including sponsored and intraday repos, aiming to enhance precision in liquidity management and improve liquidity across the securities lending market.
- Trust and Infrastructure: As market momentum pushes tokenization into its next phase, institutions increasingly rely on infrastructure partners like Broadridge to support the connection between traditional and digital financial ecosystems, unlocking new market opportunities.
See More
Broadridge Empowers Nissay Asset Management to Enhance Efficiency
- Process Automation: Broadridge's Mortgage-Backed Securities Trade Assignment Portal (TAP) has been successfully implemented, making Nissay Asset Management the first asset management company in Japan to adopt this solution, significantly enhancing its operational efficiency.
- Administrative Workload Reduction: By automating and digitizing the Assignment of Trade processes, TAP enables Nissay Asset Management to instantly create and electronically sign contract documents, thereby reducing manual workload and improving transparency.
- Focus on Core Business: This solution allows traders to dedicate more time to trading and analysis, strengthening operational agility and improving client outcomes, aligning with the growing demand in Japan's asset management industry for enhanced value creation.
- Competitive Market Advantage: Nissay Asset Management chose Broadridge's solution to streamline existing email-based workflows while preserving core processes, further solidifying its expertise and broker relationships in the asset management sector.
See More
Broadridge Empowers Nissay Asset Management to Enhance Efficiency
- Process Automation: Broadridge's Mortgage-Backed Securities Trade Assignment Portal (TAP) has been successfully implemented, enabling Nissay Asset Management, the first asset management firm in Japan to adopt this solution, to automate its trade assignment processes, significantly reducing administrative workload and enhancing operational efficiency.
- Real-Time Tracking and Transparency: The portal allows Nissay Asset Management to instantly create and electronically sign contract documents while sending AOT letters to multiple recipients, ensuring transparency in the trading process and reducing the need for manual operations.
- Focus on Core Business: By reducing AOT processing time, Nissay Asset Management's traders can concentrate more on trading planning and execution, thereby strengthening operational agility and improving client outcomes, aligning with the pressing need in Japan's asset management industry to enhance investor value.
- Strategic Collaboration: Broadridge's solution not only streamlines existing email-based AOT workflows but also preserves core processes, allowing Nissay to build further on its operational expertise and established broker relationships, showcasing Broadridge's commitment to driving automation and transparency across the Asian market.
See More
Broadridge Acquires CQG to Expand Trading Platform
- Acquisition of Trading Technology: Broadridge Financial Solutions announced its acquisition of global trading technology provider CQG, aiming to combine order management with advanced execution tools to enhance its competitiveness in the futures and options platform.
- Integration of Trading Systems: This acquisition will add CQG's execution systems, analytics, and algorithmic trading capabilities to Broadridge's platform, expected to create a fully integrated trading suite for global futures and options markets.
- Strategic Implications: Broadridge stated that the acquisition will accelerate its innovation strategy across various asset classes, including futures, FX, and digital assets, helping clients navigate complex markets and seize new opportunities.
- Benefits for Clients and Employees: CQG CEO Ryan Moroney noted that the combined firm will enable clients to “trade smarter and adapt faster to new markets,” enhancing benefits for both employees and customers through shared resources.
See More
CQG Acquired by Broadridge to Create Global Trading Suite
- Acquisition Agreement: CQG has entered into an acquisition agreement with Broadridge, which will acquire CQG to integrate its execution management, algorithmic trading, and analytics capabilities, creating an end-to-end trading suite for the global futures and options markets, enhancing market competitiveness.
- Technological Integration Advantage: This acquisition will combine CQG's front-office execution management and connectivity technologies with Broadridge's order management solutions, aiming to simplify trading complexity, improve transparency and workflow efficiency, thereby enhancing the client trading experience.
- Market Demand Response: The new platform will support a broad client base, including futures commission merchants, institutional investors, and hedge funds, providing flexible and scalable solutions to accelerate speed to market and meet client growth objectives.
- Limited Financial Impact: Although the terms of the transaction were not disclosed, it is expected to have no material impact on Broadridge's financial results, with the transaction anticipated to close early in Broadridge's fiscal fourth quarter, subject to customary regulatory approvals.
See More
Broadridge Financial Solutions Achieves $365 Billion Daily Trading Volume
- Daily Trading Volume Surge: Broadridge's Distributed Ledger Repo platform processed an average of $365 billion in daily repo transactions in January 2026, reflecting a remarkable 508% year-over-year increase from January 2025, indicating sustained institutional adoption of tokenized real-asset settlement.
- Demand-Driven Adoption: According to Horacio Barakat, the adoption of the DLR platform is driven by the tangible value institutions experience in their daily operations, as Broadridge aims to extend its scale into intraday funding and enhanced collateral mobility with a growing client base.
- Expansion into Complex Use Cases: The DLR platform is evolving beyond foundational repo workflows into more complex institutional use cases, including sponsored and intraday repos, which facilitate the efficient movement of high-quality collateral throughout the trading day, thereby improving liquidity management precision.
- Unlocking Global Market Opportunities: As innovation and market momentum push tokenization into its next phase, Broadridge is unlocking new opportunities across global capital markets by connecting traditional and digital financial ecosystems, thereby driving innovation and growth in the financial services industry.
See More
Broadridge's DLR Platform Achieves $365 Billion Daily Average Transactions
- Surge in Daily Transactions: Broadridge Financial Solutions' DLR platform processed an average of $365 billion in daily repo transactions in January 2026, marking a 508% year-over-year increase from January 2025, indicating sustained institutional adoption and trust in tokenized real-asset settlement.
- Total Transaction Volume: The total transaction volume for January reached $7.3 trillion, demonstrating the DLR platform's growing significance in global capital markets, facilitating efficient movement of high-quality collateral and reducing financing costs.
- Expansion and Innovation: Broadridge is extending the DLR platform's applications into more complex institutional use cases, including sponsored and intraday repos, aiming to enhance precision in liquidity management and improve liquidity across the securities lending market.
- Trust and Infrastructure: As market momentum pushes tokenization into its next phase, institutions increasingly rely on infrastructure partners like Broadridge to support the connection between traditional and digital financial ecosystems, unlocking new market opportunities.
See More
Broadridge Empowers Nissay Asset Management to Enhance Efficiency
- Process Automation: Broadridge's Mortgage-Backed Securities Trade Assignment Portal (TAP) has been successfully implemented, making Nissay Asset Management the first asset management company in Japan to adopt this solution, significantly enhancing its operational efficiency.
- Administrative Workload Reduction: By automating and digitizing the Assignment of Trade processes, TAP enables Nissay Asset Management to instantly create and electronically sign contract documents, thereby reducing manual workload and improving transparency.
- Focus on Core Business: This solution allows traders to dedicate more time to trading and analysis, strengthening operational agility and improving client outcomes, aligning with the growing demand in Japan's asset management industry for enhanced value creation.
- Competitive Market Advantage: Nissay Asset Management chose Broadridge's solution to streamline existing email-based workflows while preserving core processes, further solidifying its expertise and broker relationships in the asset management sector.
See More
Broadridge Empowers Nissay Asset Management to Enhance Efficiency
- Process Automation: Broadridge's Mortgage-Backed Securities Trade Assignment Portal (TAP) has been successfully implemented, enabling Nissay Asset Management, the first asset management firm in Japan to adopt this solution, to automate its trade assignment processes, significantly reducing administrative workload and enhancing operational efficiency.
- Real-Time Tracking and Transparency: The portal allows Nissay Asset Management to instantly create and electronically sign contract documents while sending AOT letters to multiple recipients, ensuring transparency in the trading process and reducing the need for manual operations.
- Focus on Core Business: By reducing AOT processing time, Nissay Asset Management's traders can concentrate more on trading planning and execution, thereby strengthening operational agility and improving client outcomes, aligning with the pressing need in Japan's asset management industry to enhance investor value.
- Strategic Collaboration: Broadridge's solution not only streamlines existing email-based AOT workflows but also preserves core processes, allowing Nissay to build further on its operational expertise and established broker relationships, showcasing Broadridge's commitment to driving automation and transparency across the Asian market.
See More
Broadridge Acquires CQG to Expand Trading Platform
- Acquisition of Trading Technology: Broadridge Financial Solutions announced its acquisition of global trading technology provider CQG, aiming to combine order management with advanced execution tools to enhance its competitiveness in the futures and options platform.
- Integration of Trading Systems: This acquisition will add CQG's execution systems, analytics, and algorithmic trading capabilities to Broadridge's platform, expected to create a fully integrated trading suite for global futures and options markets.
- Strategic Implications: Broadridge stated that the acquisition will accelerate its innovation strategy across various asset classes, including futures, FX, and digital assets, helping clients navigate complex markets and seize new opportunities.
- Benefits for Clients and Employees: CQG CEO Ryan Moroney noted that the combined firm will enable clients to “trade smarter and adapt faster to new markets,” enhancing benefits for both employees and customers through shared resources.
See More
CQG Acquired by Broadridge to Create Global Trading Suite
- Acquisition Agreement: CQG has entered into an acquisition agreement with Broadridge, which will acquire CQG to integrate its execution management, algorithmic trading, and analytics capabilities, creating an end-to-end trading suite for the global futures and options markets, enhancing market competitiveness.
- Technological Integration Advantage: This acquisition will combine CQG's front-office execution management and connectivity technologies with Broadridge's order management solutions, aiming to simplify trading complexity, improve transparency and workflow efficiency, thereby enhancing the client trading experience.
- Market Demand Response: The new platform will support a broad client base, including futures commission merchants, institutional investors, and hedge funds, providing flexible and scalable solutions to accelerate speed to market and meet client growth objectives.
- Limited Financial Impact: Although the terms of the transaction were not disclosed, it is expected to have no material impact on Broadridge's financial results, with the transaction anticipated to close early in Broadridge's fiscal fourth quarter, subject to customary regulatory approvals.
See More
