ITG offers global portfolio trading desks supported by trading technology tools for managing list-based and portfolio trading. This includes the Triton execution management system (EMS) which has specific portfolio trading functionality such as advanced alerts and monitoring tools as well as customised algorithms and allows portfolio traders to cover all Asian and global markets from a single platform.
ITG trading tools used every day by the ITG PT desks include pre-trade analysis to develop strategy and identify trading obstacles, real-time analytics to update strategies on the fly, and algorithms to manage the complexities of local Asian markets to improve performance.
ITG runs the POSIT Marketplace dark aggregation algorithm across 26 markets globally, including Japan, Hong Kong and Australia. In Asia this currently connects to nine different providers of dark liquidity, with multiple pools. ITG’s PT desk also actively uses indicators of interest from its client base.
ITG’s client base is predominantly institutional firms, and the firm’s portfolio trading offering is suited to quantitative or strategy driven funds as well as for transitions. ITG’s local desks in each region, combined with the global Triton EMS to pass orders between markets, also makes the firm’s offering suited to complicated PT trades that may span multiple markets.
Pre- and post-trade analytics
ITG provides independent transaction cost analytics through the ITG Logic pre-trade and ITG TCA post-trade tools. For portfolio trades the ITG PT desk runs detailed pre-trade reports to define the best strategy for trading the basket across the various markets, and provides daily post-trade reports for a wide variety of benchmarks.
ITG’s POSIT Marketplace dark aggregator and new ITG Smart Router are both being enhanced to continually improve liquidity sourcing as Asia Pacific’s markets become more fragmented. ITG launched the Smart Router for Australia as Chi-X was launched in late October 2011.