CQG Powers SoVesTech's TradeShare Robo-Advisor App
The app allows individual traders to actively follow the strategies of other traders.
The broker-agnostic TradeShare Robo-Advising app connects experienced futures and FX traders (known in the system as "Lead Traders") to their "Followers," who receive push notifications when a Lead Trader to whom they are connected places a trade. The alert includes real-time quote, and the Follower can then choose whether to place the same trade.
The two vendors are now making the TradeShare app available to CQG's partner network of futures commission merchants worldwide.
Over the coming months, SoVesTech and CQG will expand TradeShare's capabilities to allow customers to participate in the actual trade of a Lead Trader, similar to technology currently available on its DittoTrade.com subsidiary for equities and options trading.
"We are always looking to provide the latest in cutting-edge technology to our FCM and API partners. TradeShare connects our global user base, as well as other futures and FX traders. TradeShare has the potential to impact the futures and FX markets significantly," says Mike Glista, director of trade routing at CQG, in a statement.
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