ITG Launches New Multi-Asset Portfolio Algorithm: Dynamic IS with Futures
NEW YORK, May 13, 2010 /PRNewswire via COMTEX/ --Investment Technology Group, Inc. (NYSE: ITG), a leading agency broker and financial technology firm, today announced new equity index futures trading capabilities in its portfolio algorithm, Dynamic Implementation Shortfall (IS). The algorithm can now execute baskets containing any mix of both stocks and equity index futures. Stocks and futures contracts will execute simultaneously in a risk- and dollar-controlled manner. With the new functionality, Dynamic IS is especially powerful in trade situations where the execution of futures contracts is dependent on the trading of stocks, such as replacing a fund's equitized cash position (in futures) with stock positions, and executing large portfolios hedged with futures contracts.
"By combining execution capabilities across asset classes, Dynamic IS simplifies and reduces the risk of trading stock portfolios in concert with index futures," said Hitesh Mittal, ITG's head of Liquidity Management. "This new capability gives traders unparalleled control over portfolio execution."
Dynamic IS with futures capability is available via ITG's award-winning execution management system, Triton. It is an enhancement to ITG's existing derivatives trading capabilities, which offer extensive multi-asset functionality across a variety of trading applications as well as APIs for black-box DMA strategies in the futures and options markets.
For more information about Dynamic IS with futures and ITG's other algorithms, visit www.itg.com/algorithms.
Investment Technology Group, Inc. is an independent agency broker and financial technology firm that partners with asset managers globally to improve performance throughout the investment process. A leader in electronic trading since launching the POSIT(R) crossing network in 1987, ITG takes a consultative approach in delivering the highest quality institutional liquidity and market-leading execution services, measurement tools, and proprietary data. Asset managers rely on ITG's independence, experience, and intellectual capital to help mitigate risk, improve performance, and navigate increasingly complex markets. The firm is headquartered in New York with offices in North America, Europe, and the Asia Pacific region. For more information on ITG, please visit http://www.itg.com/.
ITG Contact: J.T. Farley (212) 444-6259
SOURCE Investment Technology Group, Inc.