ITG Launches POSIT Alert for India and Taiwan
Traders Magazine11.25.2015

ITG is now offering its Asian clients and traders another venue in which to source block liquidity.

POSIT Alert, the firm’s block liquidity dark pool is now being offered in India and Taiwan, extending the company’s reach into 10 Asia Pacific Countries, as well as allowing traders to tap into 36 countries globally.

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ITG launches
Limit Order
Book Analyzer
Automated Trader

New York – ITG, the execution broker and research provider, has announced the launch of ITG Limit Order Book Analyzer, a mobile application that provides insight into equity market fragmentation. Trade message data is aggregated from the NYSE, NYSE ARCA, NASDAQ, NASDAQ BX, BATS, BATSY, EDGA, and EDGX, creating a series of interactive charts that reveal innovative views of liquidity, enabling users to compare recent data to historical volume over the previous three months.

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ITG Appoints Frank Troise As CEO And President
Automated Trader

NEW YORK, Oct. 19, 2015 (GLOBE NEWSWIRE) — ITG (NYSE:ITG), an independent execution broker and research provider, today announced that Francis J. Troise has been appointed as ITG’s Chief Executive Officer and President. Mr. Troise will also become a member of the ITG Board of Directors. These appointments will become effective upon Mr. Troise’s satisfaction of certain “garden leave” obligations he has to his current employer, which are expected to expire in January 2016.

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Labor Market Conditions Index Raises Possibility Of Negative Rates

Now that we know for certain just how poorly the Chair’s favorite indicator of labor market health is doing, it is fairly clear, as if wasn’t already, there will be no Fed action before next spring. It might, however, become necessary to clarify “no Fed action” to mean more than no rise in policy rates.

Monetary policy works in long and variable lags, and a quick look at the chart below shows that about a year after the Fed started to taper QE, the LMCI dropped to zero. This is in line with what the Treasury market has long been pricing in the forward curves — higher policy rates are expected to slow real growth.

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More Evidence That Amazon Prime is a True Juggernaut
The Street

While Amazon has been notoriously tight-lipped about the growth of its Prime subscription program, the consensus has widely been that the program is seeing continued success in every way. A new survey from Cowen & Company puts some concrete numbers behind the consensus. Of the 2,500 U.S. consumers Cowen surveyed in July, 56.7% had made a purchase on Amazon in the last month. eBay came in second with 21.3% of respondents having made a purchase on the site. […] Prime members spend $1,000 more a year on average compared to non-Prime members, according to ITG analyst Steve Weinstein, and research firm Millward Brown estimates Prime members are almost five times more likely to make a purchase in the same shopping session compared to non-Prime members.

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NEW YORK, Aug. 12, 2015 (GLOBE NEWSWIRE) — ITG (NYSE:ITG), a leading independent execution broker and research provider, today announced that it has reached a final settlement with the Securities and Exchange Commission (“SEC”) in connection with a proprietary trading pilot program that operated for 16 months in 2010 through mid-2011.

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ITG Announces Preliminary Second Quarter 2015 Earnings Guidance

ITG Announces Preliminary Second Quarter 2015 Earnings Guidance, Including Reserve for Probable SEC Settlement

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CFOs Cite European Research Unbundling as ‘Major Concern’

Research unbundling – the separation of research payments from equity trading commission, a key plant of European regulators’ proposed Markets in Financial Instruments Directive II – is looming large as a major concern among US hedge funds’ chief financial officers.

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ITG Launches Server for U.S. – Canada Interlisted Stocks

Traders who want to execute orders in interlisted stocks are getting an updated piece of technology to trade faster and cheaper.

ITG, a U.S.-based execution broker and research provider, announced the launch of the next generation of its Best Market Server – 2.0. This latest iteration of the firm's smart order router helps traders execute their orders that include interlisted Canadian and U.S. stocks and automatically hedging currency exposures in real time.

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Notice about ITG Leap Second Readiness
ITG - Leap Second Readiness06.08.2015

On June 30th, 2015, a leap second will be added after 23:59:59 PM GMT. A leap second is a second which is added to Coordinated Universal Time (UTC)/Greenwich Mean Time (GMT), in order to synchronize atomic clocks with astronomical time to keep clocks as accurate as possible.

ITG utilizes industry-standard time synchronization systems that rely on atomic time sources to maintain accuracy and will be synchronized with UTC during the Leap Second Event timeframe. As part of ITG’s preparation for the 2015 Leap Second, ITG completed a comprehensive systems review and all systems will be available during the Leap Second change as normal. As a precaution ITG’s POSIT system will open in the Asia Pacific region on a one minute delayed schedule at 00:01:00 GMT on July 1st, 2015.

David Meitz
Chief Technology Officer

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