NEW YORK, March 26, 2013 /PRNewswire/ -- ITG (NYSE: ITG), a leading execution and research broker, today announced the global launch of ITG Commission Manager, the next-generation platform for the management of Client Commission Arrangements (CCA) and Commission Sharing Agreements (CSA). ITG Commission Manager allows institutional investors to track global equity and option trades in their preferred currency and language, with the ability to indicate foreign exchange and tax details on payments.
"ITG Commission Manager offers seamless functionality, detailed reporting and the ability to pay more than 4,000 brokers, vendors and independent research providers worldwide," said Jack Pollina, ITG Managing Director and Global Head of Commission Management. "ITG Commission Manager saves valuable time for institutional investors and enables them to focus on their core investment activities."
ITG Commission Manager provides enhanced trade file reconciliation capabilities, automated vendor contract management and the ability to manage multiple brokers' CCA/CSA programs on one portal. With ITG Commission Manager, investors can credit their CSA bank from trades executed through ITG or they can opt to pool credits from any of the more than 75 executing brokers for which ITG aggregates CCA/CSA credits.
ITG's CCA/CSA group has been serving clients for more than two decades, staffed with experienced professionals in the US, Canada, Europe and the Asia Pacific region. ITG's Commission Management offering was ranked #1 for Service and Execution Quality by mutual funds and large institutions in Greenwich Associates' 2012 survey of U.S. Equity Investors. For more information about ITG Commission Manager and ITG's full range of Commission Management Services, contact firstname.lastname@example.org.
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.
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