Success in a live trading environment supports internal test results
denver and Boca Raton, Florida, March 11, 2024 /PRNewswire/ — CQGThe company, one of the world’s leading providers of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, today announced that it is using live data for what it believes to be the first of its kind. Announced completion of internal testing and proof of concept. -Artificial intelligence (AI) predictive models for traders. After extensive machine learning (ML) training in a backtesting environment, the company has just begun applying the technology to live data and has achieved very high levels of predictive success in predicting futures market movements. I am. CQG made this announcement on the first day of FIA Boca, the International Futures Industry Conference.
Based on the company’s deep experience in analytics, mathematics, and market intelligence, the new ML initiative will help retail traders and buy-side firms, including retail trading firms and hedge funds, to identify new trading and analytical opportunities and guide trading strategies. We aim to provide unprecedented tools for , and manage positions. Over the past year, CQG has been exploring the field of AI with a view to solving client challenges and testing the technology in its state-of-the-art multi-platform lab. Last week, the company tested its next-generation machine learning toolkit for the first time in a live trading environment, achieving 80% prediction accuracy, which is comparable to results obtained in a backtesting environment.
CQG CEO ryan moloney “In early 2023, we will leverage our unique position in the market and build a comprehensive database of past transaction data and analytics to develop machine learning technologies that will enable us to assist our customers and prospects. and decided I wanted to do something different with AI. Analyze, predict, and trade the markets through a new lens. kevin darby – Our VP of Execution Technology did an exceptional job of turning that effort into an exciting reality, delivering results that far exceeded our expectations. ”
Mr Darby said: “We first needed to solve multiple real-world challenges, including storing and managing terabytes of historical market data while maintaining the ability to make decisions in microseconds in a real-time environment. .We are using the current ML infrastructure and its dependence on the Python language and the financial industry infrastructure’s dependence on C++ to estimate conditional probability distributions in a mathematically satisfying and stable way. , we had to rebuild our traditional ML training pipeline to optimize the generative time series predictions.”
He said the company’s AI in a live environment was always able to predict with 80% accuracy whether the next move in the E-mini S&P 500 futures contract would be up, down, or unchanged.
Moloney said CQG has already identified multiple applications related to algorithms (algos), charting and research, and has begun exploring other applications with key partners.
“What we’ve built is portable,” he said. “We can provide a set of encrypted files to companies, and they can use our technology to understand how liquidity futures contracts move.” In our ML Lab, they can apply cloud computing resources to create their own models, leverage our models as a foundation, or use historical Build your own models from scratch using data and ML toolkits. Then use CQG to chart and trade those models, a truly innovative breakthrough. It’s a step forward and we look forward to working with them on potential applications that we haven’t considered yet.”
Moloney said, “For the past 40 years, CQG has built sophisticated and intuitive tools to help our customers better visualize and analyze market data and make smarter trading decisions. We believe our ML products are the next breakthrough in mission-critical trading tools that CQG offers.” . ”
About CQG
CQG provides industry-leading solutions to traders, brokers, commercial hedgers, and exchanges worldwide engaged in market-related activities such as trading, market data, advanced technical analysis, risk management, and account management. The company partners with the majority of futures brokerages and clearing companies to provide direct market access (DMA) to more than 45 exchanges through its global network of co-located and hosted Exchange gateways. CQG technology serves as the front end for a variety of exchanges and is increasingly being adopted as an over-the-counter matching engine for important new markets. CQG’s server-side order management tools for spreads, market aggregation, and smart orders are unmatched in speed and ease of use. Its market data feed integrates 85 sources including data from global exchanges for futures, options, bonds, foreign exchange, and stocks, as well as fixed income, industry reports, and financial indicators. One of the industry’s longest-serving technology solutions providers, CQG has won numerous awards for its trading software, technical analysis, and multi-asset trading platforms. CQG’s headquarters are denverWith sales and support offices and data centers in major markets around the world, we serve more than 60 countries. For more information, please visit: www.cqg.com.
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