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.

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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 providers and asset managers.”

ADV at $2.5 Billion

The RFQ hub connects buy-side trading desks and portfolio managers with liquidity providers, 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.

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