ITG Globalizes EMS
February 16, 2009
Investment Technology Group (ITG) has bolstered its Triton execution management system (EMS) with global capabilities, enabling all its clients to send orders to venues in North America, Europe and the Asia-Pacific region from a single platform.
The announcement is "a culmination of a long evolution of the product," said Mark Wright, managing director of the New York-based agency brokerage. While Triton, a multi-asset-class platform that offers direct-market access, algorithmic strategies and pre- and post-trade analytical tools, has been available in Canada, Europe and Asia, "what we had was relatively fragmented," noted Wright. "A U.S. client would have a U.S. Triton and a European client would have a European Triton." Over the past year, ITG has been "putting those pieces together," he said, noting that users "can now trade in all the markets around the globe."
Bob Gasser, president and chief executive of ITG, said in a prepared statement that "the globalization of Triton is a critical milestone toward our goal of providing ITG's comprehensive range of products and services to our increasingly global client base. Our clients need a product with the same functionality and support levels, whether they are trading in New York, Toronto, London, Sydney or Hong Kong."
Triton's client base grew 25 percent in 2008, according to ITG, with a 52 percent increase in Europe, Canada and Asia-Pacific. The firm announced last month that it had a record $763 million in revenue last year, up 4 percent from 2007's $731 million. Net income rose from $111 million to $115 million.
