David Fellah will head up quantitative trading strategy research and execution consulting at Instinet, after just over a year at ITG.
Research says that buy-side firms spent over $1 billion on OMS and EMS last year, as Bloomberg leads list of primary platforms.
Agency broker ITG has been acquired by Virtu Financial for $1 billion after confirming plans to merge late last year.
Virtu has obtained certain regulatory approvals for ITG takeover with completion of the deal expected in the first quarter this year.
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 be acquired by high speed trading firm Virtu for $30.30 a share.
TradingScreen will integrate ITG POSIT Alert with its OEMS to provide clients with additional block liquidity.
POSIT Alert conditional orders are already available in Europe, the Middle East and Africa, and the US.
TradingScreen has formed partnerships with other major firms to bolster its OEMS and TradeSmart services.
ITG said in its second quarter earnings report that the SEC is investigating POSIT and could hand the broker a $12 million fine.