ITG Launches Turnkey Research Payment Account Solution
The new ITG RPA solution offers a number of key features:
- Funding Flexibility and Security – The RPA can be funded with a research charge alongside the execution in a manner that can be operationally similar to a traditional Commission Sharing Agreement (CSA), but it can also be funded with a direct research charge to investors or from a firm’s own P&L. RPA accounts managed by ITG are held in an escrow account at a major global bank in
Europe, segregated from brokers’ funds and controlled by the asset manager. Streamlined Administration– The ITG RPA solution includes administrative tools that will enable asset managers to set research valuations, create and track budgets for their end clients, segregate RPA balances by portfolio, strategy, client, region or investment team, and track executions and research at the broker, portfolio, strategy, and trader level. These tools can save valuable time and resources.
- Expert Global Guidance – ITG has dedicated commission management, finance and operations support teams in
Europe, North Americaand the Asia Pacificregion staffed by veteran team members, many with decades of experience in trade reconciliation, vendor vetting and payment administration.
Commenting on the new enhanced RPA solution, ITG’s Head of Global Commission Management,
ITG is a leading provider of commission management services and offers both traditional CSA and aggregation services worldwide as well as RPA administration services for asset managers with registered operations in Europe. ITG provides access to a network of more than 5,000 research providers, brokers and vendors worldwide. ITG was ranked #1 for CSA service and execution quality among mutual funds and hedge funds in the 2016 Greenwich Associates U.S. survey. For more information about ITG’s global commission management services please contact email@example.com.
ITG applies technology and trading expertise to reduce implementation costs, helping clients improve investment performance. An independent broker established in 1987, ITG provides liquidity, execution, analytics and workflow solutions to leading asset management and brokerage firms.
Commission Management Sales:
Aoife Carey( London) +44 20 7670 4073 firstname.lastname@example.org Jack Pollina( New York) +1 212 444 6282 email@example.com ITG Media/Investor Contact: J.T. Farley+1-212-444-6259 firstname.lastname@example.org