ITG rolls out Allocator with Single Ticket Clearing

Source: Investment Technology Group

Investment Technology Group (NYSE:ITG), a leading agency research broker and financial technology firm, today announced the pan-European availability of ITG's Allocator with the enhanced capability of ITG Single Ticket Clearing, the industry's leading trade aggregation offering.

ITG is the first broker and technology provider to offer a solution which enables buyside traders to manage liquidity aggregation across all available dark venues, employing advanced anti-gaming technology to protect orders from adverse selection. ITG's Allocator combined with ITG Single Ticket Clearing allows traders to consolidate allocations and settlements across multiple brokers and execution venues into a single aggregated delivery to each custodial account, while maintaining full transparency with their brokers for commission credit and TCA purposes. Integrated single ticket clearing provides significant savings in custodial ticket charges and back-office costs.

"Allocator empowers our clients to capture liquidity available across multiple venues, minimising opportunity costs and improving trade performance," said Rob Boardman, Managing Director and head of ITG's European business. "The single ticket aggregation capability enables our clients to remove limits on the number of venues accessed and minimum execution size thresholds while still controlling costs."

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