HONG KONG, Nov. 17, 2014 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading execution and research broker, today announced that it has won a TRADE Asia Algorithms Award for Best for Reducing Market Impact. The result was based on votes from buyside traders in the Asia Pacific region and this category was chosen by those traders as the single most important feature in their evaluation of algorithmic brokers.
"We are delighted to have been recognized as the Best for Reducing Market Impact in The TRADE Asia's 2014 algorithm survey and awards," said Michael Corcoran, ITG's Head of Asia Pacific Sales and Trading. "Managing and reducing the cost of trading for the buyside is the key goal of ITG's algorithmic service. This award reflects the ongoing development of our algorithms, as well as our focus on bringing together unique liquidity and crossing opportunities for our clients within POSIT®and our block network, POSIT Alert, which significantly reduces market impact and costs for institutional traders."
According to The TRADE Asia's Broker Roll of Honor, "Market impact was the single most important feature in terms of clients' evaluation of algorithmic services and providers…ITG received more responses than the other Roll of Honor names and gained consistent high scores across a range of different types and sizes of clients."
ITG's global capabilities include algorithmic trading in 40 markets and POSIT crossing in 34 markets including Hong Kong, Japan, Australia, Indonesia, Malaysia, Singapore and the Philippines. For more information about ITG's full suite of award-winning capabilities, contact info@itg.com.
About ITG
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.