Barchart and CQG partner to automate hedging workflows for grain buyers

CHICAGO, December 6, 2021 / PRNewswire / – Barchart, a leading provider of data, tools and software for the global agro-industries, and CQG, a leading global provider of high-performance technology solutions for traders, brokers , trade hedging operators and exchanges, announced a strategic partnership to automate the hedging of futures contracts for physical grain trading on Barchart’s cmdtyView platform.

By integrating CQG’s Hedge Management System (HMS) with Barchart’s award-winning commodity trading platform, cmdtyView, merchants and grain buyers can easily automate the coverage of their physical grain contracts, reducing thus risks and streamlining work flow. cmdtyView is then connected throughout the grain supply chain to farmers for bidding through Barchart’s Marketplace apps, as well as to grain accounting and ERP providers for managing contracts, tickets and positions; and term brokerage firms for execution and clearing.

“We are proud to partner with industry leader CQG to improve our business solutions for physical grain buyers,” said Barchart CEO Marc Haraburda. “Our customers trust Barchart for price data and analysis, pre-trade decision support and physical trade negotiation. Through this partnership with CQG, we provide a complete lifecycle solution. from the transaction to post-trade risk management. “

Mike glista, Senior Vice President of CQG, said: “We are delighted with this deeper partnership with Barchart. Its cmdtyView product, together with CQG’s infrastructure for hedge management, will provide a cutting-edge tool for farmers and traders. “

New hedge management workflows combine with Barchart’s global stock prices, in-depth fundamentals, physical commodity prices and proprietary forecasting, making cmdtyView a true end-to-end workflow solution for commodity trading. Delivered as part of Barchart’s enterprise solutions for the agribusiness, Barchart helps automate the entire process of grain origin, producer engagement and risk management for global agriculture:

  • Producer applications (market): Elevator-branded mobile apps that connect farmers directly to merchandiser workflows.
  • Supply management: Producers can easily submit bids to sell their grain through a Marketplace app and receive instant elevator updates when bids are accepted.
  • Management of hedges: Merchants and grain buyers can reduce risk with automated coverage of their physical grain contracts directly in cmdtyView.
  • Accounting automation: Merchants can easily provide their producers with real-time ERP data from industry-leading vendors.
  • Electronic signature : A streamlined workflow that allows grain buyers to quickly issue paperless grain sales contracts to their producers, saving time and money.
  • Chat connected: Merchants can effortlessly negotiate deals in real time through a chat linked to their producers’ phones.

To learn more or to sign up for a free trial of cmdtyView, please Click here or contact us at [email protected].

About Barchart
Barchart is a leading provider of market data and services to the global finance, media and commodities industries. Our diverse customer base trust Barchart’s innovative data, software and technology solutions to power their front-to-back office operations, while our Media brands empower financial and commodity professionals to make decisions through web content, news and publications. For more information, please visit www.barchart.com/solutions.

About CQG
CQG provides the industry’s best performing solutions for traders, brokers, trade hedgers and exchanges for their market related activities on a global scale including trading, market data, advanced technical analysis, risk management and account administration. The company partners with the vast majority of futures brokerage and clearing companies and provides Direct Market Access (DMA) to more than 45 exchanges through its global network of co-located hosted exchange gateways. CQG technology serves as a front end for a variety of exchanges and is increasingly being used as an OTC matching engine for important new markets. CQG’s server-side order management tools for broadcast, market aggregation and smart orders are unmatched in speed and ease of use. Its market data feed consolidates 85 sources, including global exchanges for futures, options, fixed income, currencies and stocks, as well as data on debt securities, industry reports. and financial indices. One of the industry’s oldest technology solutions providers, CQG has won numerous awards for its trading software, technical analysis and multi-asset trading platform. CQG is headquartered at Denver, with 16 sales and support offices and data centers in key markets globally. For more information visit www.cqg.com.

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