NEW YORK--(BUSINESS WIRE)--Aug. 12, 2009--
Investment Technology Group, Inc. (NYSE: ITG), a leading agency broker
and financial technology firm, today announced that it is working in
connection with Brazilian brokerage firm Ágora to offer direct market
access (DMA) through its Triton® execution management system
to BM&F Bovespa, the Brazilian exchange and the largest stock market in
Latin America. Additionally, ITG is developing a suite of algorithms
tailored to the Latin American market.
“Our execution agreement with Ágora in Brazil is a significant step
towards our goal of being a truly global partner to our clients,” said
Robert Gasser, CEO and President of ITG. “As the Latin American market
continues to grow, we realize the importance of providing our clients
with advanced trading tools to navigate the regional landscape.”
“We believe that we share the same core values and dedication to our
clients as ITG and we look forward to working with them to expand our
DMA services to the Brazilian market,” said Francisco Valente, Head of
the Electronic Trading Desk at Ágora.
“As an established leader in the Brazilian marketplace, Ágora is a
natural choice for us to liaise with in the region,” said Jay Fraser,
Managing Director and Head of US International Sales at ITG. “Their
in-depth knowledge of the local market along with their extensive client
base will help ITG seamlessly enter the Latin American trading
Along with Brazil, ITG also provides voice brokerage trading and
execution services to Mexico's Bolsa Mexicana de Valores, Latin
America’s second largest stock exchange.
About Investment Technology Group
Investment Technology Group, Inc., is a specialized agency brokerage and
financial technology firm that partners with asset managers globally to
provide innovative solutions spanning the investment continuum. A leader
in electronic trading since launching POSIT in 1987, ITG’s integrated
approach now includes a range of products from portfolio management and
pre-trade analysis to trade execution and post-trade evaluation. Asset
managers rely on ITG’s independence, experience, and agility 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 www.itg.com.
A pioneer in the online financial services business, Ágora offers
industry leading products and services to help clients manage their
investments independently through constant information, knowledge,
simplicity and the development of new technologies. Ágora has been
present in the Brazilian marketplace for over 15 years and continues to
grow its market share and portfolio of products. For more information on
Ágora, please visit www.agorainvest.com.br.
Source: Investment Technology Group, Inc.
Investment Technology Group, Inc.