Web-based tool offers transparency into broker's Algorithms
TORONTO, Dec. 10, 2013 /CNW/ - ITG (NYSE: ITG), a leading execution and research broker, today announced the Canadian launch of ITG Algorithms® Prism, a powerful web-based tool offering clients comprehensive transparency into the behaviour of ITG Algorithms. Algo Prism provides up-to-the-second visibility into the activity of each algorithm, such as the predicted and realized schedules, fill details, and even the location, type and price of every open child order.
"We are excited to introduce Algorithms Prism to the Canadian market," said Earl Cummings, Director, Head of Liquidity Management at ITG. "This real-time tool provides users with a view into the ITG algorithms that are being used to work their orders at any given time during the trading process. This unparalleled visibility enables traders to adjust orders at multiple points and further tune their algorithm trading."
The Algo Prism tool provides traders with an online window into ITG's algorithms and routers, making every decision visible as it is made. Traders can view:
- Detailed order plan and any deviations
- Real-time child order venue, price limit, minimum quantity and order type
- Average fill prices by market centre and order type
- Estimated order finish time
Algo Prism is the latest tool in ITG's award-winning suite of electronic brokerage solutions, including algorithmic trading in 38 markets across the Americas, Asia Pacific and the EMEA region and POSIT® dark crossing in 30 markets worldwide. For more information about Algo Prism and ITG's full range of trading solutions, please visit www.itg.com/algorithms or contact us at [email protected].
ITG is an independent execution and research broker that partners with global portfolio managers and traders to provide unique data-driven insights throughout the investment process. From investment decision through settlement, ITG helps clients understand market trends, improve performance, mitigate risk and navigate increasingly complex markets. ITG is headquartered in New York with offices in North America, Europe, and Asia Pacific. For more information, please visit www.itg.com.
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