State Street’s FX Connect Platform to Integrate with ITG’s Triton EMS
- ITG’s multi-asset broker-neutral execution management system Triton will be integrated into State Street’s multi-bank foreign exchange platform FX Connect offering in the first quarter of 2015.
One of the leading Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and research brokers, ITG (NYSE: ITG), and State Street's FX Connect end-to-end, multi-bank foreign exchange platform, announced today that the ITG Triton's execution management system will be integrated with the FX Connect foreign exchange platform.
Beginning in the first quarter of 2015, institutional investors will be able to use the Triton multi-asset, broker-neutral EMS to access FX Connect, which provides foreign exchange 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 Read this Term from more than 50 providers for spot, forward and swap FX transactions, as well as live interactive pricing and netting capability across multiple funds and currencies.
Commenting in the company announcement, ITG’s Managing Director, Will Geyer said: “The integration of Triton and FX Connect combines our strong equity and equity derivatives broker-neutral trading functionality with the best-in-class platform for complex foreign exchange workflows, creating a powerful tool for institutional traders.”
Adding to the comments, Senior Managing Director and Global Head of FX Connect at the State Street Exchange, Paul Alves, stated: “In today’s global marketplace our clients need customizable tools to meet their investment needs. This partnership will link our platforms and expertise to offer clients open market access to leading trading technologies, improved security and confidence in their trade executions.”
One of the leading Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and research brokers, ITG (NYSE: ITG), and State Street's FX Connect end-to-end, multi-bank foreign exchange platform, announced today that the ITG Triton's execution management system will be integrated with the FX Connect foreign exchange platform.
Beginning in the first quarter of 2015, institutional investors will be able to use the Triton multi-asset, broker-neutral EMS to access FX Connect, which provides foreign exchange 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 Read this Term from more than 50 providers for spot, forward and swap FX transactions, as well as live interactive pricing and netting capability across multiple funds and currencies.
Commenting in the company announcement, ITG’s Managing Director, Will Geyer said: “The integration of Triton and FX Connect combines our strong equity and equity derivatives broker-neutral trading functionality with the best-in-class platform for complex foreign exchange workflows, creating a powerful tool for institutional traders.”
Adding to the comments, Senior Managing Director and Global Head of FX Connect at the State Street Exchange, Paul Alves, stated: “In today’s global marketplace our clients need customizable tools to meet their investment needs. This partnership will link our platforms and expertise to offer clients open market access to leading trading technologies, improved security and confidence in their trade executions.”