ITG Licenses TwoFour FX For High-Volume Trade Processing Capabilities
- ITG has today announced that it has licensed TwoFour FX's front-to-back operations in order to improve high-volume trade processing capability.
Keeping pace with technological change in relation to the enterprise solutions used among institutional firms is a matter often taken for granted by corporate clients, but is critical in order that providers of trading solutions to brokers can keep their foothold in an increasingly competitive and technology critical segment.
ITG, which licensed TwoFour FX’s front-to-back FX operations today, is a case in point.
The company, which provides 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 services to FX brokers has selected TwoFour FX for its high-volume trade processing capabilities.
According to ITG, the company had been searching for a solution to support a new line of FX business, and to manage current foreign exchange transactions resulting from equity algorithmic trading systems.
TwoFour's ability to provide real-time position management for ITG's current environment, as well as a scalable and flexible solution to support ITG's long-term plans for growth were key factors in the decision.
Jamie Selway, Head of Electronic Brokerage, ITG
This follows the company’s interest in ensuring that its 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 provision is directed at various important sectors of the market. In February this year, the company released its Dynamic Close Algorithm, whose function is to allow traders to tap the liquidity available in the NYSE and NASDAQ closing auctions in a more precise manner than can be achieved by algorithms which are currently available.
Jamie Selway, Head of Electronic Brokerage at ITG, made a public statement today on the licensing of the TwoFour FXsystem: “TwoFour offers a scalable and flexible solution that supports our current business requirements, and that easily adapts to changing requirements as our business evolves,” explained Mr. Selway.
Davis, co-founder of TwoFour further added:"We are always excited to support institutions focused on adaptable solutions to manage their growth. TwoFour's abilities are gaining significant recognition across the industry, not only for our ability to deliver performance at low cost, but for our software's ability to meet changing business requirements, whether they be volume, user, or workflow-related.”
"We continue to invest in our solutions and to evolve with the latest proven technologies. This internal investment yields a competitive edge which our customers recognize. TwoFour consistently delivers scalable solutions quickly, and at relatively low-costs when compared to our competitors,” concluded Mr. Davis.
Keeping pace with technological change in relation to the enterprise solutions used among institutional firms is a matter often taken for granted by corporate clients, but is critical in order that providers of trading solutions to brokers can keep their foothold in an increasingly competitive and technology critical segment.
ITG, which licensed TwoFour FX’s front-to-back FX operations today, is a case in point.
The company, which provides 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 services to FX brokers has selected TwoFour FX for its high-volume trade processing capabilities.
According to ITG, the company had been searching for a solution to support a new line of FX business, and to manage current foreign exchange transactions resulting from equity algorithmic trading systems.
TwoFour's ability to provide real-time position management for ITG's current environment, as well as a scalable and flexible solution to support ITG's long-term plans for growth were key factors in the decision.
Jamie Selway, Head of Electronic Brokerage, ITG
This follows the company’s interest in ensuring that its 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 provision is directed at various important sectors of the market. In February this year, the company released its Dynamic Close Algorithm, whose function is to allow traders to tap the liquidity available in the NYSE and NASDAQ closing auctions in a more precise manner than can be achieved by algorithms which are currently available.
Jamie Selway, Head of Electronic Brokerage at ITG, made a public statement today on the licensing of the TwoFour FXsystem: “TwoFour offers a scalable and flexible solution that supports our current business requirements, and that easily adapts to changing requirements as our business evolves,” explained Mr. Selway.
Davis, co-founder of TwoFour further added:"We are always excited to support institutions focused on adaptable solutions to manage their growth. TwoFour's abilities are gaining significant recognition across the industry, not only for our ability to deliver performance at low cost, but for our software's ability to meet changing business requirements, whether they be volume, user, or workflow-related.”
"We continue to invest in our solutions and to evolve with the latest proven technologies. This internal investment yields a competitive edge which our customers recognize. TwoFour consistently delivers scalable solutions quickly, and at relatively low-costs when compared to our competitors,” concluded Mr. Davis.