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ITG launches Brazil algo

21 October 2010  |  1638 views  |  0 Source: Investment Technology Group

Investment Technology Group, Inc. (NYSE: ITG), a leading agency broker and financial technology firm, today announced the launch of its proprietary Active algorithm for Brazilian equities.

The new algorithm has been added in response to growing demand from global clients investing in Brazil who are developing sophisticated electronic trading strategies. Active is available via ITG's award-winning Execution Management System, Triton®, as well as via FIX connection and Bloomberg EMSX. Other time-based Brazilian algorithms will be available shortly.

"The Brazilian market is increasingly important for the institutional asset managers we serve, and we are pleased to offer them an algorithmic trading solution tailored to the specifics of this market," said Andrew Larkin, Managing Director and Head of US International Sales at ITG. "The Active algo for Brazil is a valuable addition to electronic trading toolkits."

The Active algorithm was developed using feedback from several leading buyside institutions and has been customized for the structure and spread profile of the Brazilian market. Active is part of ITG's robust suite of algorithms which aim to reduce market impact, maximize execution quality and improve trading performance across each new market. ITG's algo offerings also include POSIT Marketplace, Dynamic Implementation Shortfall, Dark List and Raider.

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