Commodity derivatives trading software is an effective tool to help investors easily manage account control, perform remote transactions quickly.
In addition, these software also provide and update the market situation in real time to help investors make timely sell/buy decisions and take profits effectively. Join AXC to learn about two outstanding commodity derivatives trading software today: QCG
Commodity derivatives trading software CQG
Currently in the international commodity derivatives market, the most prominent trading software comes from CQG. This is a pioneer in the field of providing software solutions to support derivatives trading. CQG’s platform provides investors with accurate data and detailed market analysis thanks to advanced tools and techniques, allowing customers to directly execute transactions on the exchange.
Currently, the CGQ application allows investors to operate on 3 platforms: CQG Trader, CQG Desktop and CQG Qtrader.
a) Commodity derivative trading software CQG Trader
Commodity derivatives trading software CQG Trader helps investors place orders, manage status and accounts on an intuitive and convenient interface. This software also provides information about the prices of contracts based on real time, making it easy for investors to track and make quick buying/selling decisions.
Advantage
Can support a variety of commands such as: GTC, FAK, FOK, ICEBERG, OCO..
Intuitive interface, easy to use, simple design and low cost of use.
Can be used on the popular operating system is Microsoft Windows.
Provide complete and accurate data of the Department of Commodities.
Support price scale as well as waiting to buy and wait to sell (Depth of Market).
Defect
Only compatible with the only operating system is Microsoft Windows
Limit support or switch to CQG Desktop
Difficulty in technical analysis because there is no price chart.
There is an additional cost to register to use if you want to use data from inter-connected Exchanges.
Photo: Commodity derivatives trading software QCG
b) Commodity derivative trading software CQG Desktop
Commodity derivatives trading software CQG Desktop is built on a website platform. Therefore, any device that can access the website can use and make transactions.
Advantage
No installation time, quick use by logging in to the website
Support many different commands such as GTC, FAK, FOK, ICEBERG, OCO…
Provides universal charting and technical analysis tools
Compatible with many platforms such as Windows, Mac OS, Linux, Android, IOS…
Automatically adjust screen size when used on Mobile, Tablet, Desktop.
Provide full accurate data from the Department of Commodities, while supporting the price scale and waiting to buy and wait (Depth of Market).
Defect
The ability to export data to Microsoft Excel is limited when using the Microsoft Windows operating system.
Loss of registration fee to use data from Inter-Exchange.
Photo: Commodity derivatives trading software CQG Desktop
c) Commodity derivative trading software CQG Mobile
Relatively similar to CQG Trader and CQG Desktop, but CQG Mobile is designed specifically for mobile devices. Investors can check, monitor the market situation, place buy/sell orders, perform commodity derivatives transactions anywhere.
Advantage
Compatible with popular operating systems such as iOS, Android..
Support for diverse order execution including GTC, FAK, FOK, ICEBERG, OCO…
Provide full detailed and accurate data of the Department of Inter-Commodities. In addition, it also supports price scale and waiting to buy and wait to sell (Depth of Market).
Defect
If you want to use data from inter-connected Exchanges, there is an additional cost. This is the fee for registering to use the software.
The comparison table below will help investors evaluate the software in more detail and make the right choice.
| CQG Trader | CQG Desktop | CQG Qtrader | |
| Usage cost | Take charge | Take charge | Take charge |
| Real time price list | Yes | Yes | Yes |
| Charting feature | No | Yes | Yes |
| Technical analysis tools | No | Yes | Yes |
| Price scale | Yes | Yes | Yes |
| Command Types | MKT, MLD, STP, STL, GTC, FAK, FOK, ICEBERG, OCO | MKT, MLD, STP, STL, GTC, FAK, FOK, ICEBERG, OCO | MKT, MLD, STP, STL, GTC, FAK, FOK, ICEBERG, OCO |
| Command effect | Day/ GTC/GTD/FAK/ FOK | Day/ GTC/GTD/FAK/ FOK | Day/ GTC/GTD/FAK/ FOK |
| CGQ Mobile | Yes | Yes | No |
| Supported operating systems | Windows | Windows, Mac OS, Linux, Android, IOS… | Windows |
| Data usage fee | Depends on each exchange | Depends on each exchange | Depends on each exchange |
| Products | Futures contract, options contract, forward contract. | Futures contract, options contract, forward contract. | Futures contract, options contract, forward contract. |
Cost of commodity derivative software
Investors need to pay a certain fee to use CQG commodity derivatives trading software. Basically, when trading, investors have to pay two types of costs as follows:
Cost for monthly maintenance and activation of orders 720,000 VND/month
The cost to use the data from the International Exchange is about 30,000 VND (depending on the Exchange).
To start trading on the market, new investors need to register information, sign an account opening contract, set up an account on CQG… That means, need to do a lot of other operations and procedures. before you can start trading. This process often requires a face-to-face meeting with a counselor and is relatively time-consuming.
In addition, customers cannot automatically register to open an account on the CQG trading software, but must go through a member unit licensed and guaranteed by the Commodity Exchange (MXV). commodity derivatives. And not all customers are fully aware of the conditions for registering to participate in the commodity derivatives market.
Link to guide CQG Desttop
Link to guide CQG Trader
Link to guide CQG Mobile
