Independent execution broker and research provider ITG’s multi-asset platform for global listed and OTC assets, ITG RFQ-hub, has expanded its network of liquidity providers and is extending its footprint in North America.
ITG RFQ-hub connects buy-side trading desks and portfolio managers with a large network of sell-side market makers (liquidity providers), allowing them to place requests for quotes (RFQs) in negotiated equities, futures, options, swaps, convertible bonds, structured products, commodities and securities lending.
Over the past few months, ITG RFQ-hub has added eight sell-side liquidity providers in the US and 10 new sell-side liquidity providers in the EMEA region. On the buy-side, ITG RFQ-hub has added seven clients in EMEA and has five clients onboarding in the US. ITG RFQ-hub has also been granted membership in the Swiss Structured Products Association (SSPA).
Commenting on the developments, David Sagnier (pictured), Head of ITG RFQ-hub, says: "My colleagues and I are pleased with the progress we have made in broadening our pool of liquidity providers and delivering our solution to a wider range of buy-side clients."
ITG RFQ-hub is available on a stand-alone basis and is integrated into the Triton execution management system. ITG has also completed the integration of ITG RFQ-hub with the ITG Position Manager order management system, enabling global macro and multi-strategy hedge funds to trade and book a wide range of listed and negotiated derivatives, ETFs and structured products with multiple liquidity counterparties.
