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ITG Unveils Algorithm for Brazilian Equities

Investment Technology Group Inc. announced its Active algorithm can now be used to trade Brazilian equities as the firm looks to capitalize on growing demand from global clients invested in the Latin American nation’s markets.

Investment Technology Group Inc. announced its Active algorithm can now be used to trade Brazilian equities as the firm looks to capitalize on growing demand from global clients invested in the Latin American nation’s markets.

ITG said the algorithm can be accessed through its execution management system Triton, as well as through a FIX connection and the Bloomberg EMSX. The firm added that it plans to roll out several more Brazilian algorithms in the near future.

“The Brazilian market is increasingly important for the institutional asset managers we serve, and we are pleased to offer them an algorithmic trading solution tailored to the specifics of this market,” Andrew Larkin, ITG’s managing director and head of U.S. International sales said in a release. “The Active algo for Brazil is a valuable addition to electronic trading toolkits.”

ITG said the algorithm was developed using feedback from several buy-side institutions and has been customized for the structure and spread profile of the Brazilian marketplace.

As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio

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