ITG Launches ITG Smart Limit Retail Algorithm
"ITG Smart Limit Retail Algorithm is our latest innovation to help retail firms better manage the dynamic nature of liquidity and continue to achieve best execution," said
Since ITG SLimit logic uses historical and real-time data on average queue length and consumption rates to optimally allocate shares it is able to adapt quickly to changes in market conditions. During the first month of the NASDAQ pricing pilot ITG saw a nearly 35% increase in its fill rates at NASDAQ for stocks in the pilot group. "SLimit reacted to the real-time changes in the resting order books in the pilot stocks and the data is further evidence of the value of a dynamic routing strategy," said
The launch of ITG SLimit Retail Algorithm builds on the success of ITG Smart Retail Router. ITG Smart Retail Router provides access to a wide range of institutional liquidity pools, including exclusive POSIT® liquidity, exchanges, ECNs, and ATSs and is supplemented by a broad wholesaler network. Both ITG Smart Retail and ITG SLimit are a part of ITG's robust suite of Electronic Brokerage products. For more information about ITG's full range of products for broker-dealers, visit http://www.itg.com/about-itg/for-broker-dealers/ or contact us at firstname.lastname@example.org.
CONTACT: ITG Media/Investor Contact:
J.T. Farley(212) 444-6259 email@example.com