One of the leading execution 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 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.
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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.”