NEW YORK, Feb. 15, 2013 /PRNewswire/ -- ITG (NYSE: ITG), an independent execution and research broker, today announced that it was named Best Broker – Algorithms at the 2013 Wall Street Letter Institutional Trading Awards. ITG was selected from a field of major industry competitors by a panel of independent judges based on its track record of innovation. In particular, this award recognized ITG's development of the ITG Dynamic Open Algorithm, which empowers traders to tap the liquidity available in the NYSE and NASDAQ opening auctions while minimizing price impact from over-participation.
"For the past 26 years ITG has been at the forefront of trading technology innovation, and the Best Broker Dealer - Algorithms award highlights the value we deliver every day to the institutional investment community," said ITG Chief Executive Officer and President, Bob Gasser. "We are pleased to receive this recognition and we would like to thank our clients for their continued partnership with ITG."
ITG is a pioneer in creating innovative trading tools and solutions that improve investment decision making and help traders achieve best execution. ITG Dynamic Open Algorithm, the recently released ITG Dynamic Close and ITG's full suite of algorithms are available in 35 markets across the Americas, Asia Pacific and the EMEA region, while POSIT ® dark crossing is available in 28 markets worldwide. ITG's technology, services and investment research solutions have won accolades worldwide from buy-side surveys, independent research firms and industry publications. For more about ITG's recent awards and the firm's full capabilities, visit www.itg.com/about-itg/awards/.About ITG ITG is an independent execution and research broker that partners with global portfolio managers and traders to provide unique data-driven insights throughout the investment process. From investment decision through settlement, ITG helps clients understand market trends, improve performance, mitigate risk and navigate increasingly complex markets. ITG is headquartered in New York with offices in North America, Europe, and Asia Pacific. For more information, please visit www.itg.com. ITG Media Contact: J.T. Farley (212) 444-6259 email@example.com SOURCE ITG