ITG launches hedge fund OMS and EMS

Research and execution broker ITG has expanded its offering for hedge funds with the launch of an order management system and execution management system.

Research and execution broker ITG has expanded its offering for hedge funds with the launch of an order management system (OMS) and execution management system (EMS).

The company today launched ITG Position Manager, which is a broker neutral OMS offering real-time profit and loss data for multiple currencies, strategies, asset classes and portfolios.

The firm is offering the OMS as part of a combined solution with its new hedge fund-focused EMS, Triton Black, a multi-broker EMS offering global connectivity.

The two products are available as part of a hosted or cloud-based solution.

"We now offer a fully-integrated platform designed to address hedge funds' mission-critical workflow requirements, as well as modular flexibility so funds can tailor solutions to fit their needs," said Will Geyer, head of platforms for ITG.

"ITG Position Manager and Triton Black are key parts of a comprehensive offering for hedge funds, including ITG Investment Research, ITG TCA, commission management, electronic trading and institutional block liquidity in [ITG’s dark pool] POSIT,” he said. “Our goal is to help clients generate and preserve alpha throughout the investment lifecycle."

In January, ITG’s POSIT dark pool executed a daily record of US$1.74 billion in equity value and the firm has said it will expand the universe of markets to which the venue connects.

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