In The Media

  • The Trade | July 08, 2016

    Half a year into the job, John Bakie catches up with ITG’s new CEO, Frank Troise, to ask how he’s preparing the business for the future.

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  • ITG has launched an enhanced version of its smart order router which, in early tests, has returned 35 per cent size improvement over the displayed quantity and USD0.0015 per share price improvement if routed to dark and lit venues.

    “This enhanced smart order router delivers market-leading size and price improvement, plus customisation and transparency features, giving clients more control,” says Raj Jain, head of US liquidity products at ITG. “It offers multi-broker conditional orders, on an opt-in basis, which can route outsized, trade-now orders to the largest block crossing networks, including POSIT Alert. In addition, real-time monitoring tools and detailed performance reports provide full visibility into the routing process.”

    ITG’s head of US execution services Jamie Selway adds: “This enhancement to our routing capabilities is particularly important given the heightened market volatility and the increased use of conditional orders to execute blocks electronically. It is another demonstration of our commitment to invest in our core client execution capabilities.”

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  • Markets Media | July 07, 2016

    You stepped into the top job at ITG about five months ago, coming from J.P. Morgan. You had been with ITG previously, from 1997-2005. What are your impressions since returning? From seeing over 150 accounts since I’ve been back at the firm, it’s clear that the firm is very relevant in the industry, as a technology-driven, independent, agency-oriented, global execution broker and partner. Clients value the capabilities that the firm brings to market — liquidity and execution services, analytics and workflow tools. Clients are increasingly challenged to find liquidity that has fragmented electronically. We have tools, including Posit, that help clients find liquidity. With our suite of execution services, we can capture our in-house liquidity and also take clients out to the Street to capture liquidity that we can’t fulfill with our own crossing system and Alert product.

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  • June 24th is shaping up to be the most active trading day of 2016 thanks to the annual reconstitution of the Russell 3000, FTSE Russell’s flagship US domestic index. The Russell 3000 tracks the performance of the top 3000 U.S. stocks (by market capitalization) and represents 98% of the investable equity market capitalization. The Russell 3000, along with its major sub-indices—the large-cap Russell 1000, and the mid/small cap Russell 2000, are among the most widely tracked US domestic indices in terms of total assets benchmarked.

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  • Greenwich Associates | June 15, 2016