NEW YORK, June 2 /PRNewswire-FirstCall/ -- Investment Technology Group, Inc. (NYSE: ITG), a leading agency broker and financial technology firm, today announced the availability of robust linkage of its industry leading EMS product, Triton®, with its popular OMS, Macgregor XIP®. With the new technology, clients now have a high-end trading solution that works seamlessly with their proven OMS infrastructure, without order staging or extra steps for compliance.
"This new technology creates a combined product offering that brings XIP firmly into a leadership position for electronic trading from an OMS," said Mark Wright, ITG's head of Global Product Management. "ITG has a tradition of offering advanced electronic trading tools and we are excited to bring this technology to our OMS customers."
According to a new TABB Group study of 118 buyside firms (Buyside OMS and EMS: Integration, Expansion and Consolidation, May 2010), seamless OMS/EMS interconnectivity is the trading technology improvement most desired by buyside traders. The study also cited XIP as one of the two most used Order Management Systems by study participants, noting that XIP "was praised for its intuitive user interface as compared to other major competitors, and for its improved access to broker algorithms."
ITG has also completed a series of upgrades to the ITG Compliance® product aimed at the private wealth market. Large wealth management firms can now implement pre-trade compliance controls using ITG Compliance v2.6. In addition, ITG Compliance now supports the workflow of customer service representatives in these firms.
Along with the continued deployments of ITG Compliance, ITG is upgrading portfolio management users to the XIP Portfolio Management Tool. The new enhanced PM Tool provides enhanced multi-asset functionality, with support for futures and options, short positions, long/short modeling, and currency hedging.
Additionally, next-generation IOI capabilities are now available in Triton and XIP, featuring advanced filtering, alerting and historical search tools integrated with the trading blotter, bringing further intelligence into the trader workflow.
For more information about the XIP OMS, ITG Compliance and the XIP Portfolio Management Tool, visit http://www.itg.com/offerings/execution-management-connectivity/
Investment Technology Group, Inc. is an independent agency broker and financial technology firm that partners with asset managers globally to improve performance throughout the investment process. A leader in electronic trading since launching the POSIT® crossing network in 1987, ITG takes a consultative approach in delivering the highest quality institutional liquidity and market-leading execution services, measurement tools, and proprietary data. Asset managers rely on ITG's independence, experience, and intellectual capital to help mitigate risk, improve performance, and navigate increasingly complex markets. The firm is headquartered in New York with offices in North America, Europe, and the Asia Pacific region. For more information on ITG, please visit www.itg.com.
SOURCE Investment Technology Group, Inc.