ITG Expands Its RFQ Hub to Asia-Pacific
- The broker is ramping up its presence in the region with platform connecting sell-side with buy-side
ITG, the execution broker, announced that it has expanded the services offered by its ITG RFQ multi-asset platform for over-the-counter (OTC) derivatives to the Asia-Pacific region.
The expansion is in line with the broker’s global footprint growth plans and follows the appointment of former Bloomberg sales ace Jake Tantleff, who will join the RFQ sales team in Hong Kong.
Transparency and automation of OTC trading top priority for institutional clients
ITG’s Asia-Pacific Chief Executive Officer Michael Corcoran commented: “RFQ-hub is a vital part of ITG’s growth strategy into derivatives and multi-asset trading in the region. As transparency and automation of OTC trading becomes a top priority for our institutional clients and the Asia-Pacific regulators, our expanding team in Hong Kong and Australia is well positioned to grow the RFQ-hub network with new Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent providers and asset managers.”
ADV at $2.5 Billion
The RFQ hub connects buy-side trading desks and portfolio managers with Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi , facilitating the placement of requests for quotes (RFQ) in the full range of OTC derivative instruments, from options to commodities.
ITG has been adding new liquidity providers and buy-side clients continually, currently totaling 44 on the sell-side, and on the buy-side the company boasts 50 clients internationally, with average daily trading volumes (ADV) on the RFQ hub at $2.5 billion.
ITG, the execution broker, announced that it has expanded the services offered by its ITG RFQ multi-asset platform for over-the-counter (OTC) derivatives to the Asia-Pacific region.
The expansion is in line with the broker’s global footprint growth plans and follows the appointment of former Bloomberg sales ace Jake Tantleff, who will join the RFQ sales team in Hong Kong.
Transparency and automation of OTC trading top priority for institutional clients
ITG’s Asia-Pacific Chief Executive Officer Michael Corcoran commented: “RFQ-hub is a vital part of ITG’s growth strategy into derivatives and multi-asset trading in the region. As transparency and automation of OTC trading becomes a top priority for our institutional clients and the Asia-Pacific regulators, our expanding team in Hong Kong and Australia is well positioned to grow the RFQ-hub network with new Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent providers and asset managers.”
ADV at $2.5 Billion
The RFQ hub connects buy-side trading desks and portfolio managers with Liquidity Providers Liquidity Providers A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi A liquidity provider (LP) constitutes either individual and/or institution that functions as a market maker in a given asset class. Broadly speaking, liquidity providers will act as the both the buyer and seller of a particular asset, thus making a market. In the equities space, many stock exchanges rely on liquidity providers who make the commitment to provide liquidity in a given equity. These liquidity providers commit to providing liquidity in the hopes that they will be able to make a profi , facilitating the placement of requests for quotes (RFQ) in the full range of OTC derivative instruments, from options to commodities.
ITG has been adding new liquidity providers and buy-side clients continually, currently totaling 44 on the sell-side, and on the buy-side the company boasts 50 clients internationally, with average daily trading volumes (ADV) on the RFQ hub at $2.5 billion.