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ITG in the News
Following are selected news articles featuring ITG:
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Turning Point for Trading Costs |
| As advanced electronic trading and technology meets the most volatile markets of our time, the volatility is winning - and costs are rising. ITG is ranked in Institutional Investor's 12th annual global transaction cost analysis. | |
| Institutional Investor - November, 2008 | |
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The World's Best Brokers |
| Bloomberg Markets Magazine ranks ITG third on its list of the world's best brokers. | |
| Bloomberg Markets - October, 2008 | |
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Exporting Expertise: Can lessons from the US help the rest of the world? |
| Twenty years ago, for many people algorithmic trading was a concept from the realms of science fiction – now it is an essential part of every trader’s day. But, development is continuous and the market is constantly seeking new strategies and tools.FIXGlobal spoke with Tony Huck, Managing Director and Head of ITG’s algorithmic and portfolio trading group about what’s happening now in the US and the latest US algorithms and a look at what lies ahead. | |
| FIXGlobal - September, 2008 | |
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ITG Inches In: Best Execution Management System Provider |
It has been a steady rise up the execution management system (EMS) ladder for agency brokerage and technology firm ITG after it finished second in the EMS category of last year’s Waters Rankings. Nudging Bloomberg out of the top position this year, ITG’s Triton and Radical systems have now been crowned as the best in the EMS business. |
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| Waters Magazine - July, 2008 | |
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Get Used To It: Traders Have, When it Comes to Volatility |
| "Postmortem analysis is nearly a cultural obsession. Witness the popularity of ESPN's "SportsCenter," which may be trumped only by daily postmortems relating to the U.S. presidential campaign. A viewer cannot turn on the television without a review of how a candidate might have improved her chances, or how he "misspoke" and certainly how each event had a cumulative effect on the (still forecast) outcome of the election. The market dislocation beginning in August of last year offers numerous possibilities for postmortems' combination of hindsight and soothsaying. Titles such as "What Happened to the Quants in August 2007" and "Deciphering the 2007/2008 Liquidity and Credit Crunch" now appear regularly on conference agendas. No surprise here: Anything out of the ordinary offers an opportunity to check a favorite theory against events," says Ian Domowitz, Managing Director at ITG. | |
| Traders Magazine - June, 2008 | |
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Technical Platforms for Multi-Prime Brokers |
| Third-party integrators are competing with major prime brokers in offering technology platforms that consolidate a fund's trading data, risk management, accounting and administrative functions. A third-party integrator's technology also makes it easier for smaller funds to use multi-prime brokers without having to spend time and money on developing their own technical platforms. | |
| Alpha Magazine - June, 2008 | |
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The New Culture of Compliance: Adapt or Fail |
| "Whether you're a boutique fund or a large investment management firm , it's all about growing assets while controlling costs. However, thanks to increasing regulatory mandates and complex investor requirements, asset managers are finding themselves burdened by compliance issues that slow down the trading process and diminish bottom-line results," says Mark Wright, Managing Director at ITG. | |
| FIXGlobal - May, 2008 | |
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Why Best Execution Matters |
| Fund managers that swiftly adopt Best Execution can save money for investors and boost performance, says, Michael Corcoran, director of sales and trading in Australia for Investment Technology Group. | |
| Financial Standard - May, 2008 | |
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ITG Targets Students to Recruit Trading, Technology and Quantitative Talent |
| There has always been a war for talent on Wall Street. But as technology becomes ever-more deeply entrenched in trading, many firms are looking less and less for people with experience on The Street and more and more toward a new and younger talent pool. Firms are stepping up their recruiting efforts aimed at rising juniors from high-caliber universities and colleges around the country to fill trading and technology positions, as well as efforts targeted at graduate students in Masters of Financial Engineering and Ph.D. programs to fill quantitative positions. And no firm is doing this more passionately and systematically — or with more top-level executive support — than ITG. | |
| Advanced Trading - April, 2008 | |
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ITG Seeks to Scratch the Itch of Stock Traders in a Shrinking World |
| Through recent acquisitions and a well-planned global expansion, ITG is well-suited to long-term success. According to analysts, ITG separates itself from the competition with its wide range of products and by not engaging in proprietary trading. CEO and President Bob Gasser adds, “I think our largest global investment clients value and appreciate that type of one stop shopping – and from a firm that does not compete with them for liquidity.” | |
| Investor’s Business Daily - January, 2008 | |
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The Single, Integrated Front-Office Suite: Still A Pipe Dream? |
| Early last month, Buy-Side Technology hosted a roundtable in New York on single, integrated front-office platforms for the buy side. On the agenda were issues including the feasibility of such platforms and when the market is likely to see their emergence, interoperability and connectivity between front-office applications, and the importance of broker neutrality to buy-side firms. | |
| Buy-Side Technology Roundtable Series -April , 2007 | |
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ITG - Beyond the EMS/OMS Convergence |
| ITG's approach is to deliver a single tool for the trader where the historical distinctions between OMS and EMS disappear. ITG is taking the inherent concepts from each world and delivering them as an entirely new application that is optimized for trader workflow and performance and allows the institution to better manage the entire pre-trade, trade and post-trade process with proper audit control. This new concept, ITG Triton X™, delivers unified workflow and EMS performance without compromising compliance, cash or other constraints. | |
| Traders Magazine Supplement - August, 2007 | |
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ITG Savours "Perfect Cocktail" of Factors Driving Asian Demand |
| The “perfect cocktail” of factors in play within Asia’s financial markets is driving demand for a “dashboard” solution to provide buy side traders with the equivalent of a satellite navigation system as they negotiate the region’s complexities. So believes Alasdair Haynes, managing director and CEO of agency broker and technology provider ITG’s international operations. | |
| Asia Markets IT - May, 2007 | |
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Fine Tuning Algos to Fit the Market |
| Tony Huck, managing director of New York-based Investment Technology Group (ITG), says, “Clients are looking for more efficiency in the trading process, and if you can automate something so you can deal with those pieces that are highcost or more difficult, that’s where you want to get your focus.” | |
| Securities Industry News - April, 2007 | |
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Buy-Side-Driven Trading Takes Hold in Hong Kong |
| Hong Kong is a major international financial center and a regional hub for institutional buy-side firms. Their presence in Asia, coupled with the growth of hedging strategies, has led to an increase in algorithmic trading in the region. Gabe Butler, Hong Kong-based director of sales and trading for New York agency brokerage Investment Technology Group (ITG) says that algorithms have been available there for three to four years, and “it is still a developing market that has been pioneered primarily by brokers using algorithms to trade on behalf of their clients.” | |
| Securities Industry News - April, 2007 | |
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ITG's Killian Plots Growth Strategy |
| Over the past two years, Investment Technology Group, the electronic trading giant that has executed over 21 billion shares in the U.S. alone this year, has been on the warpath to acquire businesses that would give it control over the entire trading process. | |
| Wall Street Letter - August, 2006 | |
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ITG's Acqusition And Solutions Gradually Come Together |
| "The goal of our network was to offer an array of open and flexible solutions that would cover everything," Domowitz says. Covering everything, according to Domowitz, involves integrating advanced execution management tools directly into the OMS for sophisticated buy-side traders. | |
| Wall Street & Technology - August, 2006 | |
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Ahead of the Curve |
| ITG is bolstering its core capabilities through partnerships and acquisitions. By teaming with Merrill Lynch, for example, ITG plans to dive into the dark pool of liquidity by offering Block Alert, a rebranded version of POSITAlert. And the January 2006 acquisition of Plexus bolsters ITG's pre- and post-trade analytics capabilities while OMS vendor Macgregor will be integrated with ITG's execution order management system. | |
| Wall Street & Technology - June, 2006 | |
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No-Name Money Machine |
| Few investors have ever heard of Investment Technology Group, but it has quietly become one of the securities industry's most successful and profitable trade-execution firms. With electronic trading rising, its prospects look golden. | |
| Barron's - March 13, 2006 | |
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New Management Can Spark A Turnaround in a Firm's Shares |
| Shares are at 3 1/2-year highs and have surged more than 90% from the initial breakout. | |
| Investor's Business Daily - December 5, 2005 | |
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Institutions Getting Into Algortihmic Deals |
| Program trading has been around for well over a decade. A hybrid — algorithmic trading — has garnered the attention of brokers and fund managers in recent years. | |
| Investor's Business Daily - September 26, 2005 | |
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Computers Take Traders' Places |
| ITG sits on the front lines of program trading -- the computerized, big-lot transactions for institutional clients that now account for nearly 30 percent of the daily volume on the New York Stock Exchange, about double the level of just two years ago. | |
| Dallas Morning News - August 9, 2005 | |
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Where The Smart Money Goes, Its Trading Systems Soon Follow |
| ITG has gone beyond just executing trades, it has also been providing sets of analytical and research tools aimed at helping money managers assess and control their trading costs. The company has been driving volume through the use of technology and trading tools, says analyst Ken Worthington of CIBC World Markets. | |
| Investor's Business Daily - August 5, 2005 | |
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ITG: The Science of Evolution |
| High-tech brokerage Investment Technology Group has a unique window on the evolution of market structure, both in a regulatory and a technological sense. Ray Killian and Ian Domowitz talk about the current marketplace, regulations and ITG's growth strategies. Ray Killian explains, "We are in the transaction- processing business, with three segments: pre-trade analytics, the execution component and the post-trade measurement of the execution. As long as the venues are electronic and transparent, and as long as our rules based systems can get a trade ready, execute the trade and measure what happened, that's fine with us." | |
| Securities Industry News - May 16, 2005 | |
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Algorithmic Trading Saves Money, Report Says |
| Algorithmic trading is eight basis points cheaper than other means of trading, a new report shows. When the difficulty of the trade is taken into account, that difference grows to 11 basis points. The report was written by Ian Domowitz, managing director, and Henry Yegerman, director, of ITG Inc., New York, an equity trading and transaction analysis firm that offers algorithmic trading models to institutional investors. | |
| Pensions & Investments - March 21, 2005 | |