ITG Releases Smart Limit Algorithm, Targets HFT across FX and Derivatives

ITG, a trading execution and multi-asset class broker, has announced the launch of its Smart Limit Algorithm, a specialized trading engine capable of a variety of passive and innovative functions, according to an ITG company statement.

New York-based ITG is proficient in derivatives, equities and foreign exchange, its platform and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term suite offering a multitude of services including order management, execution and algorithmic trading. Its new Smart Limit Algorithm follows ITG’s traditional archetype of multi-functional platforms outfitted with low-latency infrastructure that helps optimize order pricing, routing, Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term, etc.

High Frequency Trading a Central Aim

The company already boasts a robust offering in its POSIT Alert trading system, its Triton platforms and Smart Trading Analytics package. According to Jeff Bacidore, Head of Algorithmic Trading at ITG, "ITG Smart Limit Algorithm enables institutional traders to compete effectively with high frequency traders when supplying liquidity since it uses similar trading technology and techniques. Clients can use SLimit directly when working orders manually or indirectly when using an existing ITG algorithm."

Indeed, the Smart Limit Algorithm grants users access to its entire comprehensive service package, streamlining trading needs. Traders in forex, or any high-volume avenue can benefit from the algorithm’s advanced operations module, whilst avoiding traditional high latency setbacks that typically serve as deterrents for users.