Investment Technology Group (ITG), a provider of technology-based trading services and transaction research, announced on Thursday it is introducing its Triton execution management system (EMS) for the Asia-Pacific region.
According to the firm, the system enables buy-side traders to trade over 30,000 equities via multiple destinations across the Asia-Pacific markets. This is done from a single application on their desktop, rather than having to access multiple exchanges, brokers and algorithmic trading tools individually. The firm says this brings improved efficiencies to buy-side trading at a time when Asia-Pacific trading firms are embracing more complex forms of electronic trading and adopting global standards of best execution.
Triton is described by ITG as a customisable, broker-neutral platform offering access to multiple liquidity sources. Users can choose to execute Asia-Pacific trades through direct market access (DMA), ITG’s trading services and algorithms, or third-party execution venues. The system also contains ITG’s advanced market data, pre-and post-trade analytics tools which enable users to plan their trading strategies, monitor prices and trades in real-time, and evaluate transaction costs across diverse markets.
“Fund management firms across the Asia-Pacific region face challenges trading multiple markets with different exchanges, currencies, regulations and market structures,” says Alasdair Haynes, CEO, ITG International. “As electronic trading develops rapidly across the region, Triton creates a single platform for finding liquidity, executing trades, and also for analysing and managing the costs of the entire trading process," adds Haynes.