The ITG Smart Router^TM is a sophisticated tool that offers one-point connection to both displayed and hidden liquidity sources. It delivers rapid fills, enhances performance with price and size improvement, reduces opportunity costs, and minimizes market impact.

Key Benefits

Immediate access to hidden and displayed liquidity—The ITG Smart Router connects to exchanges, ECNs, ATSs, and the unique liquidity in POSIT^®. Because it does not rely on other entities to search for executions on its behalf, ITG Smart Router controls and monitors execution quality at all times.

Built for speed—Using an event-driven model, the ITG Smart Router rapidly responds to best-priced quote, beating other market participants to new liquidity.

Intelligent search for best prices—The ITG Smart Router uses proprietary logic to maximize fill rates, minimize market impact, and improve execution quality.

Execution quality research—ITG continually researches venues to ensure that they measure up to our standards. And, we have the ability to make venue changes swiftly to ensure best quality execution.

Customization—Users can choose the destinations to interact with and customize order handling.

Reg NMS-compliant—The ITG Smart Router is fully Reg NMS-compliant, enabling the use of ISO flags to immediately target quotes and get faster fills.