Broadridge Financial Solutions, Inc. (NYSE:BR) said Friday it has agreed to acquire global trading technology provider CQG, expanding its futures and options platform.
The firm said it will buy CQG to combine order management with advanced execution tools.
CQG provides futures and options trading, execution management and market connectivity tools for institutional and professional traders.
Under the agreement, Broadridge will add CQG’s execution systems, analytics and algorithmic trading capabilities to its platform.
The combined offering aims to create a fully integrated trading suite for global futures and options markets.
Transaction Details
The companies did not disclose financial terms and do not expect a material impact on Broadridge’s results. As of December 31, 2025, Broadridge had cash and equivalents worth $370.7 million.
They expect the transaction to close early in Broadridge’s fiscal fourth quarter ending June 30, pending regulatory approvals.
The combined solution will offer flexible, scalable tools to support client growth plans worldwide.
Strategic Rationale
Broadridge said the purchase supports its push to deliver end-to-end trading solutions with greater speed and intelligence.
The acquisition also accelerates Broadridge’s ongoing innovation strategy across asset classes, spanning futures and options, FX, and digital assets.
The company said the deal will help clients navigate complex markets and reach new opportunities.
CQG CEO Ryan Moroney said the combined firm will allow clients to “trade smarter, access new markets and adapt faster.”
Moroney said the deal benefits CQG’s employees and customers through shared resources and reach.
Broadridge President of Trading and Connectivity Solutions Frank Troise said the acquisition will speed development of highly connected trading products globally.
“The acquisition of CQG will accelerate Broadridge’s mission to deliver advanced, highly connected trading solutions on a global scale,” Troise said.
Troise said integrating CQG’s tools with Broadridge’s order management and connectivity systems will streamline workflows and improve transparency.
The expanded platform is designed for futures commission merchants, institutional investors, retail brokers, proprietary trading firms, CTAs and hedge funds.
BR Price Action: Broadridge Financial shares were down 4.70% at $184.45 at the time of publication on Friday. The stock is trading near its 52-week low of $183.30, according to Benzinga Pro data.
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