ITG Announces Launch of Next Generation Smart Order Router in Canada

TORONTO, Nov. 2, 2011 /CNW/ - ITG today announced the launch of its next generation smart order router, the ITG Smart Router™ for trading in Canadian marketplaces. Nick Thadaney, CEO of ITG Canada stated, "Many of today's Smart Order Routers do not access all venues, nor are they smart enough to search intelligently and identify quality liquidity. Our team in Canada has developed an enhanced next generation router that provides access to all sources of Canadian liquidity. Our ultra-low latency quotes and routing technologies give orders the edge in speed, and beat other market participants to new liquidity.  The result for the client is higher fill rates for all visible and hidden liquidity".

"ITG Canada continues to outpace the competition because we're leaders in trading technology. We have put time and resources into building a better router, and that's why our clients will achieve significantly improved results by using Canadian ITG Smart Router™," Mr. Thadaney added.

Mr. Thadaney highlighted the improvements of the Canadian ITG Smart Router™:

  • New ultra low-latency infrastructure and logic processes quotes faster and gets orders to markets faster
  • The router's event-driven model accesses light and dark markets intelligently, with targeted placement for active and passive orders
  • Performance measurement research drives the improvement of ITG's order routing logic
  • Customizable routing configurations address specific trading situations
  • This powerful execution tool is fully compliant with all Best Execution and Best Price regulations in Canada

About ITG

Investment Technology Group, Inc. is an independent agency research broker that partners with asset managers globally to improve performance throughout the investment process. A leader in electronic trading since launching the POSIT® crossing network in 1987, ITG takes a consultative approach in delivering the highest quality institutional liquidity, execution services, analytical tools, and proprietary research insights grounded in data.  Asset managers rely on ITG's independence, experience, and intellectual capital to help mitigate risk, improve performance, and navigate increasingly complex markets. The firm is headquartered in New York with offices in North America, Europe, and the Asia Pacific region.  ITG Canada Corp., a wholly owned subsidiary of ITG, is a member of both the Investment Industry Regulatory Organization of Canada and the Canadian Investment Protection Fund.

For more information on ITG, please visit www.itg.com.

SOURCE ITG Canada Corp.

For further information:

Mr. Nick Thadaney, CEO
(416) 874-0737

Ms. Deborah Thompson
Media Relations
(416) 918-9551

Organization Profile

ITG Canada Corp.

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