ITG, a leading independent execution and research broker, today announced the launch of the new ITG Smart Retail Router, a powerful tool to capture liquidity designed specifically for retail broker-dealers.
ITG Smart Retail Router connects to multiple sources of liquidity, including ITG's own award-winning POSIT crossing network as well as a range of ECNs and ATSs. It also routes retail orders to a broad network of traditional and non-traditional wholesaler market makers, allowing brokers to maximize execution quality. ITG Smart Retail Router offers customizable order-handling logic and is available via FIX connection and via most leading sell-side EMS/OMS solutions.
"ITG Smart Retail Router is our latest innovation to help clients realize best execution," said Dan Weingarten, Head of Liquidity Management Sales. "By combining ITG's existing pool of institutional liquidity with focused smart routing and a network of wholesale partners, we've created an attractive alternative for the retail brokerage community, in the process offering buyside clients access to additional sources of high quality liquidity."
ITG Smart Retail Router is part of ITG's robust Liquidity Management platform, including algorithmic trading in 35 markets, POSIT dark crossing in 26 markets and POSIT Alert buy-side block crossing in the Americas, Asia Pacific and the EMEA region.