Source: Integrated Trade Processing
Integrated Trade Processing Corporation (ITP), a leading provider of integrated, customizable trading technology software and services for banks, investment managers, and securities firms announces that Instinet Corporation, a global leader in electronic trading and agency-only brokerage services, has gone live with ITP Accounts.
ITP Accounts is a Software as a Service platform that streamlines the access to customer account and standing settlement instructions stored on Omgeo ALERT and seamlessly integrates this information directly into the broker's post trade processing systems. The service ensures that the broker has the most up to date client standing instructions resulting in higher settlement rates and client satisfaction.
"Instinet has a long history of offering innovative trading technologies supported by leading edge post trade processing capabilities. We are very excited to be a part of Instinet's overall post trade processing infrastructure," says Gary Brackenridge, President and CEO of ITP.
"ITP has continuously demonstrated a strong understanding of our business and the ability to deliver their technology into our infrastructure in a way that allows us deliver the quality of settlement services our clients demand," says Luke Mauro, Chief Operations Officer of Instinet.