CQG to provide order routing network for Robinhood
CQG, a leading global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, and Robinhood Derivatives LLC (“Robinhood”) (NASDAQ: HOOD), announced today that they have partnered to use CQG’s professional-grade infrastructure to handle order routing for Robinhood Derivatives’ futures customer orders.
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As of January 31, 2025, Robinhood has 25.5 million funded customers and assets under custody of $204 billion. CQG provides a broad range of technology solutions for financial market participants of all sizes, including many of the largest financial institutions, retail futures brokerage firms, hedge funds and active professional traders, as well as numerous exchanges.
CQG CEO Ryan Moroney said: “There is phenomenal, growing interest by retail investors in futures and options, and we’re delighted to play a role in meeting that need. CQG has been a pioneer in offering robust technology and connectivity for the futures industry for 45 years, and we’ve recently expanded into multiple asset classes. We’re honored that Robinhood, which has invested considerable resources and ingenuity into its popular, user-friendly mobile app, chose our technology to provide the ‘pipes’ for its critical ability to route orders rapidly and successfully to trading venues across the globe.”
JB Mackenzie, Vice President and General Manager of Futures and International at Robinhood, said: “Implementing CQG will be seamless to our customers while providing a robust backbone to their trading experience. I’ve personally used and deployed CQG technology and know firsthand the firm’s commitment to excellence, resilience and stability. We look forward to this partnership as we further strengthen our rapidly growing business.”
All eligible Robinhood customers in the U.S. now have access to a selection of CME Group’s most popular futures products across five major asset classes, including the four leading U.S. equity indices - S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average - as well as bitcoin and ether, major foreign exchange (FX) currency pairs, key metals and additional commodities including crude oil and natural gas.
Robinhood will use CQG’s application programming interface (API) for the firm’s order routing network on all futures and the non-U.S. orders for equities and equity options.