By using CQG Gateway Back Office Services, FCMs are able to integrate balance, position, and account information from daily statements with both CAST and CQG trading applications.
This integration eliminates the need for FCMs to update account information manually and provides an accurate baseline for conducting daily audits. Perhaps more importantly, it significantly enriches risk management.
How it Works
Each day, FCMs provide statements generated by back office systems to CQG. CQG parses those statements and updates the data in CAST. For example, Rate In Risk on the Balances page is generated from these statements:
When you next log on to CQG Integrated Client (IC) or CQG Trader, this updated data is displayed in Orders and Positions.
If GMI or Rolfe and Nolan (ION) is your back office system provider, CQG is able to process the files created by those systems.
If you have a different back office system provider, you should submit files that use CQG’s RN Host format.
Testing
Before beginning, FCMs work with CQG to define the file transmission process, to share necessary information to access files via FTP, and to test files to ensure that transmission and parsing are successful.