Former AQR global trading head launches independent algo trading platform
ITG and AQR Capital veteran, Hitesh Mittal, looks to reduce transaction costs of ‘stale’ broker algorithms with new algo trading and TCA platform.
Tag: ITG
Sell-Side
Virtu Financial begins onboarding clients to outsourced trading desk
The head of Virtu Financial’s new outsourced trading business tells The TRADE that the launch was a natural progression for the firm after its takeover of ITG.
Sell-Side
Virtu Financial reveals plans to launch outsourced trading desk
Virtu Financial will target the buy-side with an outsourced trading desk and will bring the ITG Triton EMS to FX markets.
Morgan Stanley tops US equities broker league for commissions
Morgan Stanley came first for commissions, while the combined Virtu/ITG algos are considered top by investment firms.
Instinet hires ITG trading analytics head for senior research role
David Fellah will head up quantitative trading strategy research and execution consulting at Instinet, after just over a year at ITG.
Equities
Bloomberg maintains dominance of OMS and EMS space, analysis finds
Research says that buy-side firms spent over $1 billion on OMS and EMS last year, as Bloomberg leads list of primary platforms.
Virtu closes $1 billion ITG acquisition
Agency broker ITG has been acquired by Virtu Financial for $1 billion after confirming plans to merge late last year.
Virtu to maintain ITG broker-dealer entities as tie-up nears completion
Virtu has obtained certain regulatory approvals for ITG takeover with completion of the deal expected in the first quarter this year.
ITG agrees to $12 million dark pool settlement
SEC hands ITG $12 million fine for disclosing information on client activity within POSIT to HFTs and misleading investors on how the dark pool operates.
ITG agrees to billion dollar Virtu takeover deal
ITG agrees to be acquired by high speed trading firm Virtu for $30.30 a share.