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.
Virtu Financial will target the buy-side with an outsourced trading desk and will bring the ITG Triton EMS to FX markets.
With an increasing number of buy-side firms turning to outsourced trading providers in recent years, Hayley McDowell finds out how providers really operate and differ from agency brokers, and examines what benefits opting for outsourced execution can offer to the asset management industry.
John runs through what you can find in the latest issue of The TRADE, now available to read online.
Wells Fargo has unveiled its new prime trade service group with access to high- and low-touch outsourced trading functions.
Research from Opimas predicts greater focus on outsourced trading as asset managers struggle with rising operational costs.
Northern Trust will provide custody, depository, fund accounting and FX services to the investment trust, and fund administration to Mobius Emerging Markets Fund vehicle.
Bobby Croswell, managing director of outsourced trading at BITG, has joined Cowen in the same role to build out the business globally.