NEW YORK, July 16, 2013 /PRNewswire/ -- ITG (NYSE: ITG), an independent execution and research broker, today announced the release of the new ITG Dynamic Implementation Shortfall Algorithm 2.0 (ITG DIS 2.0), a powerful tool for portfolio traders. ITG DIS 2.0 builds on the success of the original Dynamic Implementation Shortfall Algorithm, which was created to execute portfolio trades in a coordinated, cost-effective manner. ITG DIS 2.0 offers enhanced optimization capabilities that can handle even imbalanced and illiquid portfolio trades. ITG DIS 2.0 incorporates intraday patterns in cost and risk to formulate its trading strategy and dynamically updates its strategy as conditions change over the execution horizon.
"ITG Dynamic Implementation Shortfall Algorithm 2.0 gives traders a state-of-the-art tool to execute portfolio trades efficiently. The algorithm dynamically adjusts its strategy in real time as the market environment changes and is able to prudently manage risk while trading opportunistically," said Jeff Bacidore, ITG Managing Director and Head of Algorithmic Trading. "And despite its sophistication, ITG DIS 2.0 is available via an intuitive graphical user interface, creating a streamlined workflow for portfolio traders."
ITG DIS 2.0 and ITG's full suite of algorithms are available via ITG's award-winning Triton ® execution management system and also via FIX connection to ITG from third-party trading systems. ITG DIS 2.0 is also employed by ITG's high-touch portfolio trading desk. Traders can use the web-based ITG Algorithms ® Prism tool to gain up-to-the-second visibility into the activity of each ITG algorithm, such as the predicted and realized schedules, fill details, and even the location, type and price of every open child order.ITG's liquidity management solutions include industry-leading algorithms in 37 markets across the Americas, Asia Pacific and the EMEA region and POSIT ® dark crossing in 29 markets worldwide. For more information about ITG Dynamic Implementation Shortfall Algorithm 2.0, please visit www.itg.com/lp/nextgenDIS/ or contact us at email@example.com. 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/Investor Contact: J.T. Farley (212) 444-6259 firstname.lastname@example.org SOURCE ITG
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV