ITG Single Ticket Clearing^SM is a broker-neutral service that helps you trade with whom you want, where you want, and when you want, while simultaneously reducing the growing costs of trade processing due to market fragmentation.

Custodians typically charge clearing fees by trade ticket and those costs can quickly escalate with the use of multiple brokers and algorithms. However, ITG can aggregate executions across multiple destinations for settlement purposes to help reduce the number of tickets and resulting charges imposed by custodians. Acting as a self-clearing broker, ITG aggregates multiple executions into a single ticket per account, clears and settles the trade on your behalf, and pays out the underlying brokers.

Key Benefits

• Reduces ticket costs—Aggregation reduces the number of trade tickets for processing, thereby reducing custodial ticket costs (for asset managers and/or their clients) and Omgeo OASYS^SM allocation and trade confirmation fees. What’s more, your executing brokers reduce their clearing costs as well.
• Streamlines operations—As a self-clearing broker, ITG is able to manage the process, improving end-of-day processing efficiency for investment managers. Without the middleman, ITG becomes the single point of contact for exception resolution.
• Maintains relationships—You choose with whom you want to trade and at what commission rate and ITG pays out the appropriate commission to each executing broker. Throughout the process, ITG maintains your identity so that executing brokers can easily track research credits and you can maintain relationships.
• Provides accessibility and anonymity—As an agency broker with numerous broker and trading destination connections and relationships, ITG can aggregate trades from your preferred trading application, network, or execution destination.
• Enhances productivity—The ASP model eliminates the need for routing middleware or additional infrastructure at the client site. ITG monitors and maintains the service on your behalf, so you can free up valuable resources to focus on revenue-generating activities.