ITG Triton Connects To Perimeter Financial's BlockBook
TORONTO, March 21 /CNW/ - Perimeter Financial Corp. and Investment Technology Group, Inc. (NYSE: ITG - News) today announced that clients can now route orders to Perimeter's BlockBook block-trading marketplace through ITG Triton(TM), an execution management system offered by ITG Canada Corp., ITG's Canadian affiliate.
"We are very pleased to be offering investors alternative ways to access BlockBook," said Ian Williams, President of Perimeter Markets, Inc., a wholly-owned subsidiary of Perimeter Financial. "BlockBook clients will benefit from the added liquidity of a more diversified and international client base. The Triton platform provides a seamless work flow, access to multiple markets and value added analytics. We are very pleased to work with ITG."
"ITG is committed to helping our customers achieve best execution," said Nick Thadaney, CEO of ITG Canada Corp. "Connecting Triton's powerful execution management capabilities with BlockBook's block trading marketplace gives our customers access to even more liquidity."
Triton is a comprehensive list and single-stock trading system that helps traders achieve best execution. Triton provides direct, broker-neutral access to global displayed and hidden destinations and intuitive tools to improve decision making, automate execution strategies, effectively manage orders, and analyze performance.
BlockBook is a regulated, electronic marketplace that is designed for block traders of Canadian equities (i.e. orders in excess of 10,000 shares). BlockBook allows buyers and sellers to meet anonymously, without information leakage, using proprietary signaling techniques. BlockBook is open to all qualified market participants including investment dealers, pension funds, investment managers, mutual funds and hedge funds. Executions are published on our website, on Reuters or through our data vendor, TSXDatalinx.
About Perimeter Financial Corp.
Perimeter Financial Corp. develops technology solutions for the financial services industry, including institutional investors, investment dealers and reporting issuers. It operates two electronic marketplaces - BlockBook(TM) for the Canadian equity block market, and CBID(TM) for Canadian fixed income and futures markets. It also provides a suite of service offerings in asset management, record-keeping and reporting.
Investment Technology Group, Inc. (NYSE: ITG - News), is a specialized agency brokerage and technology firm that partners with clients globally to provide innovative solutions spanning the entire investment process. ITG partners with clients to maximize investment performance. ITG offers innovative technologies that include pre-trade analytics, portfolio optimization, advanced trade execution technologies and post-trade evaluation services. ITG Canada Corp. is an affiliate of Investment Technology Group, Inc. ITG Canada Corp. is a member of IDA/CIPF. For more information, please visit www.itg.com.
For further information
Perimeter Financial Corp. Chris Jackson, 416-703-7800 x400 Executive Vice President, Sales & Marketing firstname.lastname@example.org or Investment Technology Group, Inc. Alicia Curran, 212-444-6130 Vice President, Investor Relations/Corporate Communications email@example.com
Source: Investment Technology Group, Inc.