CQG Explained

platformAlso: via Tradovate

Definition

A data feed and execution platform. Tradovate is the front-end brokerage that runs on CQG infrastructure. Required for trading through TradingView. Some traders prefer Tradovate for its web-based interface; others find Rithmic's execution more reliable.

Explanation

CQG provides the market data and order routing backbone that connects traders to futures exchanges. When you place a trade through Tradovate on TradingView, your order travels through CQG's infrastructure to reach the exchange. The platform's reliability directly affects your fills and execution speed, which can impact your prop firm evaluation performance.

Example

A trader executes a NQ scalp through TradingView using Tradovate/CQG, getting filled at 15,142.50 within milliseconds of clicking buy.

Why It Matters

Your execution platform choice affects fill quality and slippage, which can make or break tight prop firm profit targets.

Common Misconceptions

  • TradingView executes trades directly

    Reality: TradingView is just the charting interface - CQG handles the actual trade execution