Robinhood Opens Door to Major Futures Markets: What This Means for 25M Users

DENVER and MENLO PARK, Calif., March 6, 2025 /PRNewswire/ — CQG, a leading global provider of high-performance technology solutions for market makers, traders, brokers, commercial hedgers and exchanges, and Robinhood Derivatives LLC (“Robinhood”) (NASDAQ: HOOD), announced today that they have partnered to use CQG’s professional-grade infrastructure to handle order routing for Robinhood Derivatives’ futures customer orders.

As of January 31, 2025, Robinhood has 25.5 million funded customers and assets under custody of $204 billion. CQG provides a broad range of technology solutions for financial market participants of all sizes, including many of the largest financial institutions, retail futures brokerage firms, hedge funds and active professional traders, as well as numerous exchanges.

CQG CEO Ryan Moroney said: “There is phenomenal, growing interest by retail investors in futures and options, and we’re delighted to play a role in meeting that need. CQG has been a pioneer in offering robust technology and connectivity for the futures industry for 45 years, and we’ve recently expanded into multiple asset classes. We’re honored that Robinhood, which has invested considerable resources and ingenuity into its popular, user-friendly mobile app, chose our technology to provide the ‘pipes’ for its critical ability to route orders rapidly and successfully to trading venues across the globe.”

JB Mackenzie, Vice President and General Manager of Futures and International at Robinhood, said: “Implementing CQG will be seamless to our customers while providing a robust backbone to their trading experience. I’ve personally used and deployed CQG technology and know firsthand the firm’s commitment to excellence, resilience and stability. We look forward to this partnership as we further strengthen our rapidly growing business.”

All eligible Robinhood customers in the U.S. now have access to a selection of CME Group’s most popular futures products across five major asset classes, including the four leading U.S. equity indices – S&P 500, Nasdaq-100, Russell 2000 and Dow Jones Industrial Average – as well as bitcoin and ether, major foreign exchange (FX) currency pairs, key metals and additional commodities including crude oil and natural gas.

Robinhood will use CQG’s application programming interface (API) for the firm’s order routing network on all futures and the non-U.S. orders for equities and equity options.

About CQG

CQG provides the industry’s highest performing solutions for traders, brokers, commercial hedgers and exchanges for their market-related activities globally, including trading, market data, advanced technical analysis, risk management, and account administration. The firm partners with the vast majority of futures brokerage and clearing firms 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 the front end for a variety of exchanges and is increasingly employed as the over-the-counter matching engine for important new markets. CQG’s server-side order management tools for spreading, market aggregation, and smart orders are unsurpassed for speed and ease of use. Its market data feed consolidates 85 sources, including exchanges worldwide for futures, options, fixed income, foreign exchange, and equities, as well as data on debt securities, industry reports, and financial indices. One of the longest-serving technology solutions providers in the industry, CQG has won numerous awards for its trading software, technical analysis and multi-asset trading platform. CQG is headquartered in Denver, with sales and support offices and data centers in key markets globally, providing services in more than 60 countries. For more information, visit www.cqg.com.

About Robinhood

Robinhood Markets, Inc. (NASDAQ: HOOD) transformed financial services by introducing commission-free stock trading and democratizing access to the markets for millions of investors. Today, Robinhood lets you trade stocks, options, commodity interests, and crypto, invest for retirement, and earn with Robinhood Gold. Headquartered in Menlo Park, California, Robinhood puts customers in the driver’s seat, delivering unprecedented value and products intentionally designed for a new generation of investors. Additional information about Robinhood can be found at www.robinhood.com.

Robinhood uses the “Overview” tab of its Investor Relations website (accessible at investors.robinhood.com/overview) and its Newsroom (accessible at newsroom.aboutrobinhood.com), as means of disclosing information to the public in a broad, non-exclusionary manner for purposes of the U.S. Securities and Exchange Commission’s (“SEC”) Regulation Fair Disclosure (Reg. FD). Investors should routinely monitor those web pages, in addition to Robinhood’s press releases, SEC filings, and public conference calls and webcasts, as information posted on them could be deemed to be material information.

“Robinhood” and the Robinhood feather logo are registered trademarks of Robinhood Markets, Inc. All other names are trademarks and/or registered trademarks of their respective owners.

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SOURCE CQG