Execution broker and research provider ITG has launched a new hedge fund platform for Asia Pacific providing integrated execution, order and position management tools designed to improve operational efficiency and costs for hedge funds.
To support the offering, ITG has hired two experienced hedge fund platform specialists. Phil Chevalier joins ITG in Hong Kong. He previously worked at Advent Software and Eze Software, specializing in portfolio management and order management systems (OMS). Gaye Anable joins ITG’s Sydney office from Bloomberg, where she led the Australian OMS team. Both report into Simon Wade, ITG’s Asia Pacific Head of Sales.
Michael Corcoran, Joint CEO of ITG in Asia Pacific says: “ITG is well known as the leading provider of trading platforms for the long-only fund management community. We have used this expertise to integrate our Triton Black execution management system with ITG Position Manager, an order and position management system, and our global ITG Net FIX network. These products, used individually or in combination, help solve operational challenges which hedge funds face. As we go live with our first hedge fund clients in Asia this quarter, these hires demonstrate our commitment to delivering and supporting products that improve workflow for Asian and Australian hedge funds in a cost-effective manner.”
The ITG Hedge Fund Platform includes:
• ITG’s Triton Black: global, broker-neutral, multi-asset execution management system with integrated trading analytics, notification and alerting tools, and access to 500+ execution venues trading on a directed, Request-for-Quote (RFQ), or Request-for-Stream (RFS) basis
• ITG Position ManagerTM: global, multi-asset, multi-prime, multi-strategy position and order management system with integrated compliance, allocation, real-time and historical P&L, shadow NAV, portfolio modeling, and dynamic reporting capabilities
• ITG Net: global managed FIX network providing access to over 500 execution venues for equity, derivative and FX trading, including algorithms, dark pools, cash desks, IOIs, and CFD/SWAP destinations
