ITG: Cost-Effective Trading Tools for Multi-Asset Class

ITG: Cost-Effective Trading Tools for Multi-Asset Class

CIO VendorQuote Scott Kurland, Managing Director
As cross-border trade increases, incongruous market practices leave the post-trade process complex. “Moreover, firms are looking for ways to deal with multi-asset class trade management on the desk, optimize and automate workflow, and meet regulatory challenges,” says Scott Kurland, Managing Director at Investment Technology Group, Inc. (“ITG”). The firm’s technology-enabled trading solutions enable traders to reduce the end-to-end costs of investment processes. Since inception, ITG [NYSE:ITG] has emerged as an agency broker, analytics and financial technology provider by partnering with global traders and portfolio managers to offer efficient solutions for each step of the investment lifecycle.

The firm’s trading solutions help leading brokers, hedge funds and asset managers improve their investment processes worldwide. ITG offers electronic trading strategies and tools geared toward reducing market impact, maximizing execution quality and improving trading performance—whether for a single security or a basket. “Our broker-neutral EMS, Triton®, offers access to a host of brokers, algorithms, dark pools and exchanges for trading equities, ETFs, derivatives and foreign exchange, providing direct access to a rich, diverse pool of liquidity through 580-plus global execution venues,” Kurland says.

ITG’s own algo suite alleviates the burden of managing direct connectivity to multiple exchanges, market centers and dark pools—optimizing venue interaction by attempting to maximize liquidity while minimizing market impact. For multi-asset trading, ITG takes a holistic approach through Triton—enabling trading of multiple asset classes globally through a single desktop interface. As electronic trading continues to develop pervasively across asset types, Triton acts as a single platform for aggregating liquidity, executing trades, and analyzing and managing costs.

Clients can also receive notifications of available dark liquidity for orders on their blotter through POSIT Alert®. “We have introduced PowerScore™ to rank participants based on their interaction with the platform.


Our broker-neutral EMS, Triton®, offers access to a host of brokers, algorithms, dark pools and exchanges for trading equities, ETFs, derivatives and foreign exchange, providing direct access to a rich, diverse pool of liquidity through 580-plus global execution venues


Those with higher PowerScores can interact with similar contra-parties, thus encouraging and rewarding good behavior within the ecosystem,” Kurland explains. ITG also provides clients a single point of access, via POSIT Marketplace®, to high-quality dark liquidity that combines traditional POSIT® liquidity with other dark destinations. “Our dark aggregation algorithm accesses numerous dark pools and uses multiple order types to find order-appropriate liquidity and provide high levels of anonymity while reducing information leakage,” Kurland says.

A market leader in equity TCA, ITG has also been instrumental in advancing aspects of TCA for FX process improvement, as well as helping clients maintain compliance ahead of MiFiD II.

ITG’s breadth of products and independent focus make it a trusted partner for many of the world’s largest institutional investors and brokers. One example: A client recently wanted to revise its best-execution practice with workflow optimization, automation, and cleaner TCA. ITG provided the client with its Triton EMS, a configurable “Algo Wheel” comprising auto-routing conditions, broker randomization, and normalized access to select algo strategies. ITG complemented this with pre-trade, real-time and post-trade analytics. The solution was designed to lighten the burden on the trading desk, remove trader bias and create a ranking and feedback mechanism that supports performance-improvement efforts.

ITG continues to combine its innovative technology, financial markets expertise and exceptional client service to offer advanced solutions for evolving global markets. “We are committed to re-investing in our core products— liquidity, execution, workflow tools and analytics—to help our clients constantly improve their trading and execution practices,” Kurland says.

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Top 10 Trading Platform Solution Companies - 2017

Company
ITG

Headquarters
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Management
Quote Scott Kurland, Managing Director

Description
Helps leading brokers and asset managers improve returns for investors around the world.