ITG (NYSE: ITG), a leading execution and research broker, and FX Connect, State Street Global Exchange's end-to-end, multi-bank foreign exchange platform, announced today that the ITG Triton execution management system will be integrated with the FX Connect foreign exchange platform.
Starting in the first quarter of 2015, institutional investors will be able to use the Triton multi-asset, broker-neutral EMS to access FX Connect, which provides foreign exchange liquidity from more than 50 providers for spot, forward and swap transactions, as well as live interactive pricing and netting capability across multiple funds and currencies.
"The integration of Triton and FX Connect combines our strong equity and equity derivatives broker-neutral trading functionality with the best-in-class platform for complex foreign exchange workflows, creating a powerful tool for institutional traders," said Will Geyer, ITG managing director and head of Platforms.
Also commenting on the integration, Paul Alves, senior managing director and global head of FX Connect, State Street Global Exchange, said: "In today's global marketplace our clients need customizable tools to meet their investment needs.
This partnership will link our platforms and expertise to offer clients open market access to leading trading technologies, improved security and confidence in their trade executions." FX Connect is an end-to-end, multi-bank foreign exchange platform operated by State Street Global Exchange, which provides investment decision-making tools and services to institutional investor clients. Capabilities span the trade lifecycle and combine a technology-centric product suite to help clients more effectively generate returns, manage risk and optimize costs.