ITG completes first phase of Macgregor OMS integration
12 June 2006 | 1539 views | 0
Investment Technology Group, Inc. (NYSE: ITG), a leading provider of technology-based trading services and transaction research, today announced that its subsidiary, ITG Solutions Network, completed the first phase of its integration with the Macgregor product line.
ITG Solutions Network's existing Logic product has been integrated with the Macgregor OMS, allowing the seamless exchange of pre-trade analytical data. This integration provides Macgregor users with more efficient access to analytics that evaluate pre-trade costs and risks during the execution process. These tools will allow customers to evaluate the performance of each broker and each algorithm that they use.
"The integration of ITG's analytical products with the Macgregor OMS represents an important first step toward leveraging the synergies of the acquisition," said Ian Domowitz, CEO of ITG Solutions Network. "We are providing customers with seamless access to tools that help them achieve their best execution requirements."
The next phase of this integration will allow full broker management capabilities and enhanced reporting and evaluation tools. These products are all designed to work with Macgregor XIP 7.1 and above. ITG Solutions Network has also deployed ITG's algorithmic trading components to the Macgregor system, offering Macgregor users access to the unique liquidity in POSIT and other ATSs.