ITG has launched a new platform specifically targeted at hedge funds based in the Asia Pacific.
The solution will provide hedge funds with order and position management tools intended to increase operational efficiency and cut costs.
New hires have been made to support the product, with Phil Chevalier joining ITG Hong Kong from previous roles at Advent Software and Eze Software, where he specialised in portfolio and order management systems.
A further hire sees Gaye Anable come to the agency broker’s Sydney office. She previously worked for Bloomberg leading the Australian order management system team. Both will report to Simon Wade, head of Asia Pacific sales.
Features of the platform include execution management system ITG Triton Black and portfolio management system ITG Position Manager. The service also uses ITG Net, a global managed FIX network.
Michael Corcoran, joint CEO of ITG Asia Pacific, said: “ITG is well known as the leading provider of trading platforms for the long-only fund management community.
“We have used this expertise to integrate our Triton Black execution management system with ITG Position Manager, an order and position management system, and our global ITG Net FIX network. These products, used individually or in combination, help solve operational challenges which hedge funds face.”
He added that ITG will go live with its first hedge fund clients in Asia during Q2 this year.