ITG Launches New Switch Trade Execution Strategy

NEW YORK, July 24, 2012 /PRNewswire/ -- ITG (NYSE:ITG), a leading execution and research broker, today announced the release of the Switch Trade execution strategy, a new enhancement to the ITG Hedge Pro^®  Algorithm.  Switch Trade allows investors to maintain dollar neutrality when executing a pair trade.  The strategy offers intelligent trading tactics, enabling traders to define the sequence and urgency level of trading via a flexible and intuitive interface. 

(Logo: http://photos.prnewswire.com/prnh/20120123/NY39237LOGO )

"Switch Trade allows traders to efficiently exchange one position for another by contemporaneously managing cash and minimizing leg risk," said Jeff Bacidore, ITG Managing Director and Head of Algorithms.  "ITG Hedge Pro Algorithm with Switch Trade provides a powerful tool to achieve best execution for institutional investors confronted with this challenge."

ITG HedgePro Algorithm with Switch Trade and ITG's full suite of algorithms are available via ITG's award-winning Triton^® execution management system and also via FIX connection to ITG from third-party trading systems.  ITG HedgePro Algorithm is available in the U.S. and Canada and was recently introduced for the trading of Brazilian and Mexican equities. 

ITG's liquidity management solutions include industry-leading 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.itg.com/liquidity.

About ITG

ITG is an independent execution and research broker that partners with global portfolio managers and traders to provide unique data-driven insights throughout the investment process. From investment decision through settlement, ITG helps clients understand market trends, improve performance, mitigate risk and navigate increasingly complex markets. ITG is headquartered in New York with offices in North America, Europe, and Asia Pacific. For more information, please visit www.itg.com.

ITG Media/Investor Contact:
J.T. Farley
(212) 444-6259
[email protected] 

SOURCE ITG

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED