ITG Rolls Out LATAM Close Algos for Mexican, Brazilian Equity Markets
- ITG's latest offering taps into liquidity in LATAM markets, including Brazil and Mexico.
ITG (NYSE:ITG), an independent execution broker and financial technology provider, has unveiled a new product offering reinforcing its equities suite, launching its close algorithms for Brazilian and Mexican equities, per a company statement.
Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!
The new offering represents the group’s latest instruments in Latin America (LATAM) – its Brazil Close and Mexico Close algos will aim to incorporate order imbalance information, thereby adjusting to intra-day market conditions to capture 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 in the closing prints of Brazilian and Mexican markets. More specifically, the Brazil the closing auction typically constitutes upwards of 9-10% of total daily trading volume, with the Mexico closing print justifying roughly 6-7% of volumes.
LATAM Offering Expansion
ITG’s new LATAM algos will be available via its Triton execution management system. Currently, this execution services platform includes algos in 40 sovereign markets across the Americas, Asia Pacific (APAC) and the Europe, Middle East, and Africa (EMEA) region. ITG has already rolled out plans to beef up its offering that builds on its LATAM close algos, which will see electronic direct market access (DMA) for Colombian equities in the upcoming months.
According to Ben Polidore, Head of U.S. and LATAM Algorithmic Trading at ITG, in a recent statement on the launch: “These algorithms draw upon ITG’s deep expertise in efficiently sourcing liquidity in volatile or rapidly changing market conditions. We have adapted our techniques to local market structure to deliver an innovative solution for our institutional investor clients.”
“The Brazil Close and Mexico Close algorithms are key additions to the electronic, portfolio and single-stock trading services we provide across all of the countries included in the MSCI Latin America Index. We are committed to helping our clients solve operational problems and achieve best execution worldwide,” said Eric Blake, Managing Director at ITG, in an accompanying statement.
The new products are the first since last month's release of ITG Smart Market Indicator Forecast App, which was designed to help market participants better anticipate market volumes, spreads, and Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders across multiple financial instruments.
ITG (NYSE:ITG), an independent execution broker and financial technology provider, has unveiled a new product offering reinforcing its equities suite, launching its close algorithms for Brazilian and Mexican equities, per a company statement.
Take the lead from today’s leaders. FM London Summit, 14-15 November, 2016. Register here!
The new offering represents the group’s latest instruments in Latin America (LATAM) – its Brazil Close and Mexico Close algos will aim to incorporate order imbalance information, thereby adjusting to intra-day market conditions to capture 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 in the closing prints of Brazilian and Mexican markets. More specifically, the Brazil the closing auction typically constitutes upwards of 9-10% of total daily trading volume, with the Mexico closing print justifying roughly 6-7% of volumes.
LATAM Offering Expansion
ITG’s new LATAM algos will be available via its Triton execution management system. Currently, this execution services platform includes algos in 40 sovereign markets across the Americas, Asia Pacific (APAC) and the Europe, Middle East, and Africa (EMEA) region. ITG has already rolled out plans to beef up its offering that builds on its LATAM close algos, which will see electronic direct market access (DMA) for Colombian equities in the upcoming months.
According to Ben Polidore, Head of U.S. and LATAM Algorithmic Trading at ITG, in a recent statement on the launch: “These algorithms draw upon ITG’s deep expertise in efficiently sourcing liquidity in volatile or rapidly changing market conditions. We have adapted our techniques to local market structure to deliver an innovative solution for our institutional investor clients.”
“The Brazil Close and Mexico Close algorithms are key additions to the electronic, portfolio and single-stock trading services we provide across all of the countries included in the MSCI Latin America Index. We are committed to helping our clients solve operational problems and achieve best execution worldwide,” said Eric Blake, Managing Director at ITG, in an accompanying statement.
The new products are the first since last month's release of ITG Smart Market Indicator Forecast App, which was designed to help market participants better anticipate market volumes, spreads, and Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders across multiple financial instruments.