Investment Technology Group, Inc. (NYSE: ITG), a leading provider of advanced equity trading technologies and transaction research solutions to institutional investors and hedge funds, today announced that its innovative pre-trade analysis product, ITG Logic, will be globally integrated with LatentZero's order management system, Minerva.
ITG Logic is a comprehensive system for controlling the costs and risks of both domestic and international trading. ITG and LatentZero have previously announced the integration of seamless connectivity to ITG's algorithmic trading SmartServers into Minerva.
"Pre-trade analysis and trade strategy planning have become required components of the investment process. The information provided by ITG Logic enables traders to add value at a crucial stage of the investment cycle, by exploiting the tradeoffs between cost and risk in the execution of orders," said Ian Domowitz, Managing Director and Global Head of Research for ITG. "The integration of execution analytics into the order management system is an important aspect of our provision of broker-neutral full service direct market access solutions to institutional investors."
ITG Logic incorporates ITG ACE, which is known for its accuracy in forecasting market impact and opportunity costs. Also embedded within the ITG Logic suite of pre-trade analytics is ITG/Risk, a suite of equity risk models that assess volatility levels, identify risk drivers, and help to build execution strategies that control risk.
"With the integration of ITG Logic into Minerva, LatentZero's suite of best execution services now offers customers the ability to perform pre-trade analytics and determine the most effective global trading strategies. This will have a positive impact on their transaction costs and will certainly ensure increased returns," said Dan Watkins, LatentZero's CEO, North America. "This is another step in our efforts to provide the highest quality analytics for our clients."