NEW YORK, Sept. 20, 2011 /PRNewswire/ -- Investment Technology Group, Inc. (NYSE: ITG), a leading agency research broker and financial technology firm, today announced the launch of algorithms for Mexican equities, including the proprietary Active algorithm, which has been customized for the structure and spread profile of the Mexican market. The algorithms are available via ITG's award-winning Execution Management System, Triton®, as well as other widely used trading platforms and via FIX connection.
"Regulatory and technological changes are accelerating the move towards electronic trading in Mexico, and our tailored algorithms provide a valuable new tool for institutional asset managers seeking to access that market," said Jeff Bacidore, Managing Director and Head of Algorithms at ITG. "These algorithms are designed to reduce market impact, maximize execution quality and improve trading performance in the Mexican equity market."
The Mexican algorithms complement ITG's growing Latin American trading capabilities. ITG offers a full suite of algorithms for Brazilian equities, including Active, Flexible Participation, Volume Participation and the recently added Peg & Pounce algorithm. Peg & Pounce empowers traders to take liquidity opportunistically when the size is available and supply liquidity passively when liquidity is not available.
ITG's global algorithms also include POSIT Marketplace®, Dynamic Implementation Shortfall, HedgePro, Dark List and Raider. With the addition of Mexico, ITG now offers its algorithms in 35 markets across the Americas, Asia Pacific and the EMEA region. For more information about ITG's full algorithmic offerings, visit www.itg.com/algorithms.
Investment Technology Group, Inc., is an independent agency research broker 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, execution services, analytical tools, and proprietary research insights grounded in 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.
J.T. Farley, ITG
+1 212 444 6259
SOURCE Investment Technology Group, Inc.