Trading solutions provider CQG agrees to executive ownership deal
CQG, a privately-held market solutions provider for the financial trading industry, is set to be acquired by a group of its own senior executives.
The Denver-headquartered company has been owned by its founder, Tim Mather, since its inception in 1980.
The move to bring the company under executive ownership is expected to be completed this month, however, further details of the transaction or the group of executives involved in the deal have not been disclosed.
Ryan Moroney, would has led the company as CEO since 2021, says that he and Mather have previously been “intently focused” on executing a transition plan for when Mather was ready to “step away”.
He explains that the deal delivers leadership stability and continuity, as well as allowing the receiving party to “control our own destiny”.
The company specialises in trading solutions for traders, brokers, commercial hedgers and exchanges, with solutions covering technical analysis, market data, risk management and trading.
It claims to have been on “a strong growth trajectory for years”, and has offices in Chicago, New York, London, Frankfurt, Tokyo, Sydney, Singapore and Shanghai.