LatentZero links Minerva OMS to ITG algorithmic trading servers
21 December 2004 | 1499 views | 0
Source: Investment Technology Group
Investment Technology Group, Inc. (NYSE: ITG), today announced that LatentZero is linking ITG's Algorithmic Trading Servers to users of LatentZero's order management system, Minerva.
ITG pioneered the use of algorithmic trading, and each server is the product of years of development and refinement that provide state of the art technologies in automated trading intelligence.
LatentZero, a leading provider of buy-side front office technology for global asset management firms, and ITG, a leading provider of technology-based equity trading services, have collaborated to provide institutional traders with superior tools for today's dynamic trading environment. The agreement with LatentZero will increase the accessibility of ITG's advanced trading tools in global markets.
"The integration of Minerva with our Algorithmic SmartServers highlights our continuing efforts to develop interfaces that support our clients' needs and enable us to be where our customers want us to be," stated Tony Huck, ITG's Managing Director of Electronic Trading. "As our mutual customers' needs continue to evolve, we look forward to more in-depth integration with Minerva."
"Algorithmic trading capabilities have become part of the standard tool set utilized by the trading community," said Dan Watkins, LatentZero's CEO, North America. "By separating the support for algorithms from the core Minerva development process, we've eliminated the need for software upgrades, allowing for algorithmic enhancements as they are required."