NEW YORK, Feb. 6, 2015 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), an independent execution and research broker, today announced that it won the Best New Product award at the 2015 Wall Street Letter Institutional Trading Awards for its hedge fund solution. ITG was selected from among a field of major industry competitors by a panel of independent judges based on its track record of innovation. In particular, this award recognized ITG's end-to-end hedge fund solution which includes ITG Net, ITG Commission Manager and the ITG Position Manager order management system. These tools empower hedge funds to preserve alpha while streamlining operations in a cost-effective manner.
"For the past 28 years, ITG has been dedicated to improving traders' performance. This Best New Product award highlights the value that we provide in our tailored solutions to the hedge fund community," said ITG Chief Executive Officer and President, Bob Gasser. "We are pleased to receive this recognition and we thank our clients for their continued partnership with ITG."
ITG partners with hedge funds through a deep lineup of best-of-breed products for portfolio managers, traders, operations, and CFOs, with flexible pricing options including subscription, trading flow and commissions, CSA soft dollars, and network connectivity. For more about ITG's full capabilities for hedge funds, visit http://www.itg.com/about-itg/for-hedge-funds/.
Wall Street Letter also recognized ITG's US technology team with the Best Infrastructure Initiative award for their launch of an enterprise multi-asset-class data storage and archive platform, leveraging an innovative Hybrid Cloud solution. The new storage solution reduced ITG's per-terabyte data costs by 40% while also improving speed and processing power.
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.