Broadridge Financial Solutions announced a definitive agreement to acquire CQG, a Denver‑based provider of execution management, algorithmic trading, and market‑connectivity solutions for futures and options markets. The deal will bring CQG’s high‑performance technology platform into Broadridge’s order‑management and client‑connectivity suite, creating a unified end‑to‑end trading solution for institutional and professional retail clients worldwide.
CQG has been a market‑technology leader for more than four decades, offering real‑time and historical data, advanced charting, and direct market access to over 45 exchanges. A strategic partnership between the two companies was announced in March 2023, integrating CQG’s OMS and EMS technologies with Broadridge’s platform. The acquisition builds on that collaboration and positions Broadridge to deepen its presence in the high‑growth futures and options segment while expanding its digital‑asset and tokenization capabilities.
Broadridge’s Q2 fiscal 2026 results provide context for the transaction. Total revenue rose 7.9% year‑over‑year to $1.71 billion, driven by a 9% increase in recurring revenue to $1.07 billion, largely from organic growth and recent acquisitions in the investor‑communication and global‑technology segments. Adjusted earnings per share climbed 2% to $1.59, beating the consensus estimate of $1.34 by $0.25. Operating‑income margin contracted to 12.0% from 13.3% in the prior year, mainly due to lower event‑driven revenues and a 40‑basis‑point drag from distribution revenue and float income. Management raised its fiscal‑2026 adjusted‑EPS growth guidance to 9%–12% from 8%–12%, signaling confidence in continued demand and cost control.
The acquisition is expected to have a neutral impact on Broadridge’s financial results in the short term, but it strengthens the company’s strategic focus on digital‑asset trading and tokenization. CEO Tim Gokey highlighted the growing importance of tokenization and the company’s plan to integrate tokenized assets into its proxy capabilities by year‑end. The deal also expands Broadridge’s technology footprint in the futures and options market, aligning with its broader goal of democratizing and digitizing investing for institutional and professional retail participants.
The transaction is slated to close in the first quarter of Broadridge’s fiscal fourth quarter, subject to customary regulatory approvals and closing conditions. No financial terms were disclosed, and Broadridge has indicated that the acquisition will not materially affect its financial results.
The acquisition underscores Broadridge’s commitment to building a comprehensive, technology‑driven trading platform that serves a wide range of market participants while reinforcing its leadership in digital‑asset and tokenization initiatives.
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