ITG Introduces Triton(R) Execution Management System in Asia Pacific
All-in-one trading and analytics help simplify workflow and achieve Best Execution for Asian trades
HONG KONG--(BUSINESS WIRE)--Jan. 24, 2008--Investment Technology Group (NYSE: ITG), a leading provider of technology-based trading services and transaction research, is introducing its Triton(R) execution management system for the Asia Pacific region. The system enables buyside traders to trade over 30,000 equities via multiple destinations across the Asia Pacific markets. This is done from a single application on their desktop, rather than having to access multiple exchanges, brokers and algorithmic trading tools individually. This brings improved efficiencies to buyside trading at a time when Asia Pacific trading firms are embracing more complex forms of electronic trading and adopting global standards of 'Best Execution.'
Triton is a fully customisable, broker-neutral platform that offers access to multiple liquidity sources. Users can choose to execute Asia Pacific trades through direct market access (DMA), ITG's trading services and algorithms, or third-party execution venues. The system also contains ITG's advanced market data, pre-and post-trade analytics tools which enable users to plan their trading strategy, monitor prices and trades in real-time, and evaluate transaction costs across diverse markets.
The addition of Asia Pacific capabilities builds on the international success of Triton in North America and Europe. In 2008 the regional systems will be fully integrated to deliver truly global trading from a single platform.
"Fund management firms across the Asia Pacific region face challenges trading multiple markets with different exchanges, currencies, regulations and market structures," said Alasdair Haynes, CEO of ITG International. "As electronic trading develops rapidly across the region, Triton creates an easy-to-use, single platform not only for finding liquidity and executing trades efficiently, but also for analysing and managing the costs of the entire trading process. Triton has been a huge success in North America and Europe, and demand for Asia Pacific capabilities is very strong both from international and domestic fund managers. We already have a number of significant global institutions using the system for their Asia Pacific trading and Triton is a key element of ITG's ongoing growth in Asia."
Investment Technology Group, Inc. (ITG), is a specialized brokerage firm that partners with clients globally to provide innovative solutions spanning the entire trading process. A pioneer in electronic trading, ITG has a unique approach that combines pre-trade, order management, trade execution, and post-trade tools to provide continuous improvements in trading and cost efficiency. The firm is headquartered in New York and maintains offices in North America, Europe and the Asia Pacific regions. For additional information, visit www.itg.com.
ITG's subsidiaries in Asia Pacific, ITG Australia Limited, ITG Hong Kong Limited and ITG Japan Limited, employ over 80 people across Asia Pacific with offices in Hong Kong, Tokyo, Sydney and Melbourne. The firm's subsidiaries have operated in the region for over 10 years to build an established client base. In 2002, this was bolstered through the acquisition of Hoenig and its history of nearly 20 years of trading in Asia. ITG trades over 30,000 Asia Pacific equities for clients around the world and provides direct market access to Hong Kong, Japan, Singapore, Taiwan, Korea and Australia, with additional trading in Thailand, Malaysia, the Philippines, New Zealand, Indonesia and China ("B" Shares).
For additional information, visit www.itg.com
In addition to historical information, this press release may contain "forward-looking" statements, as defined in the Private Securities Litigation Reform Act of 1995, that reflect management's expectations for the future. A variety of important factors could cause results to differ materially from such statements. These factors include the company's ability to achieve expected future levels of sales; the actions of both current and potential new competitors; rapid changes in technology; financial market volatility; general economic conditions in the United States and elsewhere; evolving industry regulation; cash flows into or redemption from equity funds; effects of inflation; customer trading patterns; and new products and services. These and other risks are described in greater detail in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2006, and other documents filed with the Securities and Exchange Commission and available on the company's web site.
CONTACT: Investment Technology Group, Inc.
ITG Media Relations - Asia Pacific
Clare Rowsell, +852 2846 3567, Clare.Rowsell@itg.com or
ITG Investor Relations
Alicia Curran, 212-444-6130, Alicia.Curran@itg.com
SOURCE: Investment Technology Group