NEW YORK, Sept. 24, 2015 (GLOBE NEWSWIRE) — ITG (NYSE:ITG), a leading independent execution broker and research provider, today announced that ITG RFQ-hub®, ITG’s multi-asset platform for global listed and OTC (over-the-counter) assets, has expanded its network of liquidity providers and is extending its footprint in North America. ITG RFQ-hub connects buy-side trading desks and portfolio managers with a large network of sell-side market makers (liquidity providers), allowing them to place requests for quotes (RFQs) in negotiated equities, futures, options, swaps, convertible bonds, structured products, commodities and securities lending.
Over the past few months, ITG RFQ-hub has added 8 sell-side liquidity providers in the US and 10 new sell-side liquidity providers in the EMEA region. On the buy-side, ITG RFQ-hub has added 7 clients in EMEA and has 5 clients onboarding in the US. ITG RFQ-hub has also been granted membership in the Swiss Structured Products Association (SSPA).
Commenting on the developments, David Sagnier, Head of ITG RFQ-hub, said, “My colleagues and I are pleased with the progress we have made in broadening our pool of liquidity providers and delivering our solution to a wider range of buy-side clients.”
ITG RFQ-hub is available on a stand-alone basis and is integrated into the Triton® execution management system. ITG has also completed the integration of ITG RFQ-hub with the ITG Position Manager order management system, enabling global macro and multi-strategy hedge funds to trade and book a wide range of listed and negotiated derivatives, ETFs and structured products with multiple liquidity counterparties.
For more information about ITG RFQ-hub and ITG’s full suite of EMS, OMS and Network solutions, please contact [email protected] or visit www.itg.com/platforms.
About ITG
ITG is an independent execution broker and research provider 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.
CONTACT: ITG Media/Investor Contact: J.T. Farley +1 212 4446259 [email protected]