KANSAS CITY, Mo., March 9, 2009 (GLOBE NEWSWIRE) -- Agora-X, LLC today announced an agreement with CQG, Inc. to offer the CQG Integrated Client "front end" to traders using the Agora-X electronic platform to negotiate over the counter (OTC) trades in commodity and derivative contracts. The CQG software provides a versatile gateway on the trader's desk to rapidly track prices, place orders (including algorithmic strategies) and execute trades in the Agora-X marketplace. In addition, the CQG interface delivers accurate global market data and analytical tools for the trader.
"We are pleased to provide the CQG front-end platform to market participants who don't use their own proprietary software. Agora-X is all about providing transparency, liquidity and best-price execution to the OTC market through our electronic marketplace. CQG's interface enables traders to execute a strategy quickly and accurately, supported by ease of use and customizable on-screen visuals," said Brent M. Weisenborn, Chief Executive Officer of Agora-X.
Agora-X provides world-class technology for institutional market participants to obtain best prices, efficient execution and clearing of trades in exempt commodities such as energy and metals -- and negotiation of OTC contracts in agricultural commodities. Developed in collaboration with major market participants, Agora-X offers OTC traders unparalleled efficiency, speed and price visibility.
About Agora-X
Agora-X, LLC has developed an electronic communications network for OTC commodities contracts in collaboration with major institutional participants in the commodities market. Based in Kansas City, Agora-X has worked with NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) to create a best-in-class marketplace. In 2008, NASDAQ OMX became a developmental investor with a 20 percent equity interest in Agora-X. For more information please visit www.agora-x.com.
About CQG
CQG, Inc. is the industry's highest-performing solution to integrate market data, technical analysis, and trade routing. CQG's data coverage includes futures, options, fixed income, foreign exchange, and equities worldwide as well as debt securities, reports, and indices. CQG is headquartered in Denver, Colorado with sales and support offices worldwide. For more information about CQG, please call 1-800-525-7082. From outside the U.S. and Canada, visit www.cqg.com for contact information.
Cautionary Note Regarding Forward-Looking Statements
The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about current and future products and offerings of FCStone, NASDAQ OMX and Agora-X. We caution that these statements are not guarantees of future performance or product developments. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond the control of FCStone, NASDAQ OMX or Agora-X. These factors include, but are not limited to, factors detailed in the annual reports on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission by FCStone and NASDAQ OMX. We undertake no obligation to release any revisions to any forward-looking statements.