10.10.2013

Trading Software Extends Global Reach

10.10.2013
Terry Flanagan

ITG, an independent execution and research broker, has announced the expansion of its capabilities for international investors seeking to trade Latin American equities. ITG provides a full suite of algorithms and high touch trading for Chilean equities, as well as high-touch trading for Colombian and Peruvian equities. ITG also added to its algorithmic trading capabilities in Brazilian and Mexican equities, launching versions of the ITG Raider Algorithm customized for each market.

This latest expansion of capabilities in Latin America follows on ITG’s launch in July of POSIT Alert for Mexican equities, which enables traders to anonymously cross blocks of shares on the Bolsa Mexicana de Valores (BMV).

“With the addition of Chile, Peru and Colombia, ITG now provides trading services across all of the countries included in the MSCI Latin America Index, enabling us to serve a wider range of institutional investors,” said Eric Blake, director, Latin America at ITG. “We look forward to further expanding our capabilities in the region as part of our commitment to providing best execution to our clients on a global basis.”

ITG’s Latin America algorithms are available via ITG’s Triton execution management system and also via FIX connection to ITG from third-party trading systems.

ITG’s global electronic brokerage platform includes algorithms in 38 markets across the Americas, Asia Pacific and the EMEA region and POSIT dark crossing in 30 markets worldwide.

Separately, Orc Software has announced Orc FIX Access, an addition to its standalone market access offering. Orc FIX Access allows any FIX-enabled trading system to use Orc’s native exchange gateways for reaching 150+ global execution venues covering all major asset classes.

Many trading firms face a problem due to a proliferation of ISV or in-house trading systems, each with their own set of native exchange gateways in addition to a standard FIX adapter for broker access. Users of each specific trading system are limited to trading only those markets which the particular system supports.

Orc FIX Access overcomes such constraints by providing all trading systems with access to Orc’s native market gateways via FIX, without intermediate components, the company said.

“Orc FIX Access is a business facilitator which enables firms to focus on their core trading activities,” said Martin Nilsson, head of product management at Orc Group. ”With this new solution, we can offer our customers convenient access to high-quality market gateways with global coverage, allowing them to explore new regions and trading venues with minimal effort.”

Orc FIX Access builds on Orc’s experience working closely with exchanges around the world to build superior market gateways to allow firms seeking to either leverage their existing Orc market gateways or extend the trading reach of any FIX-enabled EMS or OMS. The first version of Orc FIX Access is now available to customers globally.

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