Profile: Investment Technology Group Inc (ITG.N)
30 Sep 2016
Investment Technology Group, Inc. (ITG), incorporated on March 10, 1994, is an independent broker and financial technology firm. The Company operates through four segments: United States Operations, Canadian Operations, European Operations and Asia Pacific Operations. These segments offer a range of solutions for asset managers and broker-dealers in the areas of electronic brokerage; research, sales and trading; platforms, and analytics. These offerings include trade execution services and solutions for portfolio management, as well as investment research, pre-trade analytics and post-trade analytics and processing. The Company's subsidiaries include ITG Inc., AlterNet Securities, Inc. (AlterNet), ITG Derivatives LLC (ITG Derivatives), ITG Canada Corp. (ITG Canada), Investment Technology Group Limited (ITG Europe), ITG Australia Limited (ITG Australia), ITG Hong Kong Limited (ITG Hong Kong), ITG Software Solutions, Inc., ITG Solutions Network, Inc., ITG Investment Research, Inc. (ITG Investment Research) and ITG Platforms Inc.
The Company's electronic brokerage services include self-directed trading by clients using algorithms, smart routing and matching in cash equities through POSIT crossing network, including futures and options. ITG Algorithms and ITG Smart Router offer portfolio managers and traders a way to trade orders from any ITG execution management system (EMS) or ITG order management system (OMS) and third-party trading platforms. ITG Algorithms help users pursue execution through approximately two suites: ITG Single-Stock Algorithms and ITG List-Based Algorithms. ITG Smart Router offers a solution for routing trades that help capture liquidity with confidentiality. These routers continuously scan markets for liquidity with a focus on trading without displaying the order. POSIT operates as an alternative trading system (ATS), providing anonymous continuous and scheduled crossing of non-displayed (or dark) equity orders within the national best bid and offer (NBBO). POSIT Alert scans uncommitted shares from participating clients. POSIT marketplace provides access to POSIT liquidity, the dark pools of other ATSs, and certain exchange dark order types. POSIT marketplace uses quantitative techniques to interact with liquidity, while protecting clients from gaming. ITG derivatives provides electronic listed futures and options trading, including algorithmic trading and direct market access. ITG derivatives offers options features for traders employing volatility-neutral or delta-neutral strategies and also provides low-latency application programming interfaces. ITG offers administration and consolidation of client commission arrangements across a range of its clients' preferred brokerage and research providers through ITG commission manager, a multi-asset, Web-based commission management portal. ITG also borrows securities to help reduce failures to deliver stock.
Research, Sales & Trading
The Company provides differentiated data-driven equity research through its ITG Investment Research subsidiary. ITG Investment Research also provides its syndicated research products to, and performs custom analyses for, corporate clients. ITG Market Research offers market research capabilities to corporate clients within the telecommunications and other consumer industries. ITG provides portfolio trading for institutional clients
The Company's platforms include trade order and execution management software applications, in addition to network connectivity. Triton is ITG's multi-asset and broker-neutral EMS, which brings a set of integrated execution and analytical tools to the user's desktop for global list-based and single-stock trading, as well as futures and options capabilities and an integrated and supported financial services communications network (ITG Net). Triton derivatives is a direct-access EMS that provides traders with access to multi-asset trading opportunities. ITG OMS combines portfolio management, compliance functionality (ITG Compliance Monitoring System), and an integrated and supported financial services communications network (ITG Net) with a consolidated, outsourced service for global trade matching and settlement (ITG Trade Operations Outsourcing) that provides connectivity to the industry's post-trade utilities, as well as support for settlement communication methods and a real-time process monitor. ITG Position Manager (PM) is a multi-prime, broker-neutral order management system, offering support and real-time profit-and-loss information for various currencies, strategies, asset types and portfolios. ITG Net is a financial communications network that provides supported connectivity between buy-side and sell-side firms for multi-asset order routing and indication-of-interest messages with ITG and third-party trading platforms. ITG Net supports over 8,700 billable connections to approximately 350 brokerage firms and execution venues around the world. ITG Net also integrates the trading products of third-party brokers and ATSs into its OMS and EMS platforms. ITG request-for-quote (RFQ)-hub connects buy-side trading desks and portfolio managers with a network of sell-side market makers, allowing these trading desks to place requests-for-quotes in over-the-counter (OTC)-negotiated equities, futures, options, swaps, convertible bonds, structured products and commodities. ITG RFQ-hub is available as a stand-alone platform and is also integrated with Triton. ITG Single Ticket Clearing is a broker-neutral service that aggregates executions across various destinations for settlement purposes. ITG Single Ticket Clearing helps reduce the number of trade tickets and resulting charges imposed by custodians, reducing the costs of trade processing due to market fragmentation.
The Company's Smart Trading Analytics suite enables portfolio managers and traders in execution before the trade happens (pre-trade) and during trading (real-time) by providing trading analytics and risk models that help them perform predictive analyses, manage risk, change strategy and reduce trading costs. ITG transaction cost analysis (TCA) offers measurement and reporting capabilities to analyze costs and performance across the trading continuum. ITG TCA is also available for foreign exchange transactions. ITG alpha capture reporting measures cost at each point of the investment process and provides portfolio managers with quarterly analytical reviews, written interpretations and on-site consultative recommendations. ITG provides tools to assist asset managers with portfolio decision-making tasks from portfolio construction and optimization to real-time portfolio performance monitoring. ITG portfolio optimization system allows portfolio managers to develop portfolio construction strategies and solve optimization problems. ITG portfolio optimization system allows users to model tax liability, transaction costs and long/short objectives, while adhering to diverse portfolio-specific constraints.
Investment Technology Group Inc
NEW YORK NY 10006-1404
Company Web Links
- MOVES-ITG strengthens foreign exchange, analytics teams with new hires
- BRIEF-ITG releases August 2016 U.S. trading volumes
- BRIEF-Investment Technology Group announces launch of new close algorithms for Brazilian and Mexican equities
- MOVES- Legal & General, ITG, Brown Advisory
- MOVES-Ayesha Boulware returns to ITG as director in U.S. sales team