News
CQG And Velocity Futures Partner To Expand Wordwide Futures Trading Connectivity
Denver, CO, October 13, 2009 – Velocity Futures, a global Futures Commission Merchant (FCM) that provides active traders with connectivity to electronic futures markets, will provide its customers and internal trading desks with access to CQG, Inc.'s advanced trading platforms, the companies announced today.
The partnership with CQG, a trade execution, market data, and analytics provider for global electronically-traded futures markets, allows Velocity Futures to meet increased demand for professional futures trading software from active high volume retail and proprietary futures traders.
"CQG is pleased to add Velocity Futures to our growing list of FCM partners," said Mike Glista, Director of Order Routing at CQG. "The addition of CQG's robust managed DMA and advanced analytics to Velocity Futures' suite of trading platforms will provide their traders with new powerful tools for profitable futures trading."
Customers clearing through Velocity Futures will have access to CQG’s advanced electronic trading via the CQG Trader and CQG Integrated Client platforms. Velocity Futures traders will be able to route orders to CME Globex, CBOT, NYMEX, COMEX, ICE Futures US, ICE Futures UK, and Eurex.
"Today customers are requiring several different options for trading and CQG has established itself as a premier charting platform for high volume traders, which is our specialty." said Jack Earnest, CEO for Velocity.
About CQG, Inc.
CQG, Inc. is the industry’s highest-performing solution for integrated trade routing, global market data, and advanced technical analysis. CQG partners with more than forty Futures Commission Merchants and provides Direct Market Access to more than thirty-five exchanges through its worldwide network of collocated CQG Hosted Exchange Gateways. CQG's market data feed consolidates over a hundred 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. CQG is headquartered in Denver, Colorado with sales and support offices worldwide. For more information about CQG, please call 1-800-525-7082 or visit www.cqg.com.
About Velocity Futures
Velocity Futures is a privately-owned fully electronic FCM that ranks among the Top 50 Futures Brokers as rated by Futures Magazine for individual traders, introducing brokers and institutional customers. Velocity focuses on utilizing software and technology to keep trading costs down while providing the fastest possible access to all of the top futures exchanges. Velocity offers domestic and international access over high speed lines and high speed internet access as well as hosted solutions for larger customers through its advanced data centers in Chicago and Houston.
Contact Information
CQG, Inc.:
Josh Passman
CJP Communications
212.279.3115 x. 203
jpassman@cjpcom.com
Velocity Futures:
Jack Earnest
Velocity Futures
312-780-7665
jack@velocityfutures.com
Velocity Futures Breaks Into "Top 50 Brokers" List in 2008
(CHICAGO--(BUSINESS WIRE)--Velocity Futures, a rapidly growing computer-based Futures Commission Merchant (FCM) based in Houston, has broken into the ranks of Futures Magazine's Top 50 Brokers list after just six years of operation.
Founder Jack Earnest established Velocity Futures in 2002 with the single-minded focus of providing superior technology that would deliver professional grade tools and prompt customer service to active high volume traders. Since completing its first contract in 2003, Velocity Futures' volume has grown to more than 100 million contracts a year, significantly increasing its market share among the more than 130 FCMs in the industry today.
"We've gotten where we are so quickly because we've stayed focused on two core fundamentals, speed and service, which are made possible through our superior trading platforms," Earnest said. "We've invested heavily in technology, spending more than firms three or four times our size, to provide fast connectivity and the most reliable network platforms available."
Velocity Futures provides service through its world-class data centers in Chicago and Houston. The firm has direct access to the major futures exchanges and maintains extensive infrastructure and security systems to keep operations running without customer interruption.
"We've been a pioneering firm in computer-based trading since our inception," Earnest said. "We were the first to provide customers with high speed co-location through our data centers which are close to the exchange hosts. We were also the first FCM to provide online applications for customers, enabling us to open accounts quickly. We've taken no short cuts in technology, and that strategy has moved us into the ranking."
With Velocity Futures' rapid growth, Earnest plans to expand his operation in Chicago to "compete with the major players." Despite the turbulence in the financial sector, Earnest said Velocity Futures has been "a bright light in a dark place," and enjoyed its biggest volume month in its history in October 2008 while the global markets suffered huge losses.
"We're a faster responding FCM because we focus only on providing brokerage services to customers," Earnest said. "Unlike other firms, Velocity Futures has no exposure to mortgage-backed securities or credit default swaps. Only about 10 percent of the firms in the Top 50 Brokers list are computer-based like us, so we've been able to move faster than the rest of the pack while keeping our costs down and offering the most competitive prices possible."
Velocity Futures is a privately-owned FCM that provides active traders all over the world access to the electronic futures markets. It offers a diverse range of trading products and services to professional and experienced non-professional customers. Its data centers and sales offices are located in Chicago and Houston.
For further information contact: Marge Ferroli, 708-524-5264
Velocity Futures Announces New Web-Based Chat
Dec. 17, 2009 – Velocity Futures today announced that it has implemented new functionality on the company's websites that allows customers to chat online with an company representative as part of the company's ongoing efforts to enhance the customer experience.
Customers who have questions about their accounts now have the option to "speak" to a representative without picking up the phone by simply clicking on the "Live Help" button in the upper portion of the browser window. The new system, powered by WhosOn, also allows Velocity to immediately respond to customer questions as they arise.
The functionality will be launched site-wide in early January 2009.
Velocity Futures to Offer Ninja Trader's Platform to Customers Using the New State of the Art TT FIX Backend.
Feb. 2, 2006 - Velocity has chosen NINJA trader as its 1st product to launch on the TT FIX adapter due to its new features and the broad customer base of NINJA TRADER. For further information, contact any Velocity Broker.
Velocity Futures to Offer ICE trading for Energy Products.
Feb. 1, 2006 - Velocity Futures announced today that it has been approved as an ICE member and will begin offering energy products such as Oil, Power and Natural Gas to its customers using X_TRADER®.
Velocity will provide the fastest connectivity possible for ICE X_TRADER® traders.
About ICE: The Intercontinental brings transparency and liquidity to commodity markets with its broad distribution across 6,000 terminals globally, listing hundreds of products in the precious metals, petroleum, natural gas and power complexes. Intercontinental's real-time credit and clearing services, electronic confirmations and market data services enable users market access and transaction control.
