PRESS RELEASE

<<Back

ITG Launches Hedge Pro(TM) Pair Trading Algorithm

PDF Version PDF format

NEW YORK, Nov. 18, 2010 /PRNewswire via COMTEX/ -- Investment Technology Group, Inc. (NYSE: ITG), a leading agency research broker and financial technology firm, today announced the rollout of the Hedge Pro(TM)pair trading algorithm. Hedge Pro is available via ITG's award-winning execution management system, Triton(TM), with availability on major third-party front-end systems to follow shortly. It empowers traders to execute any North American pair combination, supporting all major pair trade types such as risk (merger) arbitrage, statistical arbitrage, switch trades and cross-border trades. Initiating and hedging is all handled automatically using continuous monitoring and signaling produced from individual quote ticks.

"Hedge Pro is designed to maximize investment opportunities by evaluating market spreads and reacting to quotes in real time," said Hitesh Mittal, ITG's head of Liquidity Management. "This new capability gives traders the flexibility to employ virtually any pair trading strategy in the U.S. and Canadian markets."

Hedge Pro is part of ITG's robust suite of algorithms, which aim to reduce market impact, maximize execution quality and improve trading performance across each new market. ITG's algo offerings include award winning POSIT Marketplace(TM), Dynamic Implementation Shortfall (IS), Active and Raider. ITG offers its algorithms across North America, Asia Pacific, Brazil and in 21 European markets. For more information about ITG's full algorithm offerings, visit www.itg.com/algorithms.

About ITG

Investment Technology Group, Inc., is an independent agency research broker 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, execution services, analytical tools, and proprietary research insights grounded in 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

+1 212 444 6259

SOURCE ITG

Social stream