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ITG Single Ticket Clearing℠
Trade ticket costs piling up as a byproduct of market fragmentation? Want to extend ‘best execution’ practices from the front-office to the back-office?
ITG Single Ticket ClearingSM is a broker-neutral service that can help reduce the growing costs of trade processing. Custodians typically charge clearing fees on a ‘per trade ticket’ basis. Market fragmentation and the practice of algorithmic trading are contributing to skyrocketing clearing costs. However, by aggregating executions across multiple destinations for settlement purposes, ITG can reduce the number of tickets and resulting charges imposed by custodians.
As a result of consolidating clearing through ITG, you can reduce costs and streamline post-trade operations. What’s more, ITG Single Ticket Clearing allows you to maintain your broker relationships as well as control over your choice of trading destinations.
Key Benefits:
- Reduce custodial ticket costs and Omgeo OASYSSM allocation and trade confirmation fees. Your executing brokers reduce their clearing costs as well.
- Execute trades across numerous destinations in search of liquidity and the best price. By reducing the overall cost of trading with multiple venues through aggregated tickets you can demonstrate best execution from the front-office to the back-office.
- Maintain control—ITG Single Ticket Clearing supplements your current relationships. You choose with whom you trade and at what commission rate—we can arrange for aggregation with any destination.
- Aggregate trades routed through Triton®, ITG NetSM, or the methods you select (Select Aggregation).
For more information e-mail us at info@itg.com or click here for regional contact information.