ITG expands multi-asset sales team

Broker ITG is expanding operations at its multi-asset system for over the counter assets, it said today.

Broker ITG is expanding operations at its multi-asset system for over the counter assets, it said today.

The company has hired Jake Tantleff to the Hong Kong RFQ-hub sales team from Bloomberg a few months after Gaye Anable joined the Australian RFQ team.

Michael Corcoran, joint chief executive officer of ITG Asia Pacific, said RFQ-hub is a vital part of ITG’s growth strategy into derivatives and multi-asset trading in the region.

He added: “As transparency and automation of OTC trading becomes a top priority for our institutional clients and the Asia Pacific regulators, our expanding team in Hong Kong and Australia is well positioned to grow the RFQ-hub network with new liquidity providers and asset managers.”

In a statement confirming the changes, ITG said it has added 10 sell side liquidity providers globally over the past year bringing the total number to 44.

The company said it now boasts 50 buy side clients globally for its ITG RFQ product, with the average daily trading now standing at $2.5 billion on the platform.

ITG RFQ-hub connects buy-side trading desks and portfolio managers with a network of sell-side market makers to allow them to place requests for quotes in negotiated equity derivatives, futures, options, swaps, convertible bonds, structured products and commodities.

 

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