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ITG acquires RFQ-hub

31 July 2014  |  1592 views  |  0 Source: ITG

ITG (NYSE: ITG), a leading independent execution and research broker, today announced that it has acquired RFQ-hub, a multi-asset platform for global listed and OTC (Over-the-Counter) assets.

RFQ-hub connects buy-side trading desks and portfolio managers with a large network of sell-side market makers, allowing them to place requests for quotes (RFQs) in OTC-negotiated equities, futures, options, swaps, convertible bonds, structured products and commodities. Going forward, the platform will be rebranded as ITG RFQ-hub. It will remain available as a standalone platform and will also be integrated into ITG's Triton® execution management system.

"RFQ-hub is a welcome addition to our global technology platform," said Bob Gasser, CEO and President of ITG. "This acquisition enhances the multi-asset services we are able to provide to our institutional investor clients in Europe and beyond. In the post- Dodd Frank world, clients are challenged increasingly by operational complexity across all asset classes and derivative instruments. We believe the team at RFQ-hub has built the best-in-class solution to simplify these work and trade flows."

David Sagnier, CEO of RFQ-hub, said, "My colleagues and I are excited to join the ITG team. Together, we are dedicated to providing industry-leading tools and services to assist clients in sourcing quality liquidity and help them to seek best execution across all relevant asset classes."

Privately-held RFQ-hub was founded in France in 2008. The firm has 25 employees, with headquarters in Paris and representatives in London and Hong Kong.

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