ITG Launches New Suite of Futures Algorithms
NEW YORK, Oct. 10, 2011 /PRNewswire via COMTEX/ --
Investment Technology Group, Inc. (NYSE: ITG), a leading agency research broker and financial technology firm, today announced the release of a suite of algorithms for futures. The ITG futures algorithms are available via ITG's award-winning Triton® execution management system, through the ITG Matrix® front-end and API for derivatives trading, and also via FIX connection to ITG from third-party trading systems.
"These new algorithms provide a range of flexible strategies for investors seeking to take positions or hedge portfolios using futures," said Patrick Read, ITG's Head of Derivatives. "In developing these futures algorithms, we leveraged our long history of creating best-of-breed tools for the asset management community."
The new algorithms are an enhancement to ITG's existing derivatives trading capabilities, which offer extensive functionality across a variety of trading applications, high-touch derivatives trading and strategy as well as low-latency APIs for black-box DMA strategies. ITG's OCC listed options market share averages approximately 1.5%.
"The launch of futures algorithms illustrates our commitment to multi-asset trading capabilities," said ITG's Head of Liquidity Management, Jamie Selway. "We intend to expand the derivatives suite to cover a broad range of products as we work to enhance the scale and scope of our independent trading platform."
ITG's liquidity management solutions include algorithms in 35 markets across the Americas, Asia Pacific and the EMEA region and POSIT® dark crossing in 26 markets worldwide. For more information about ITG's full range of liquidity solutions, visit www.smart-liquidity.com.
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® 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 www.itg.com.
J.T. Farley, ITG
+1 212 444 6259
SOURCE Investment Technology Group, Inc.