ITG Expands Trading Services in Latin America

Eyeing demand for best execution south of the border, ITG said it expanded its execution capabilities for international investors that trade Latin American equities.

The independent execution and research firm today said it provides a suite of algorithms and high-touch trading for Chilean equities, as well as high-touch trading for Columbian and Peruvian equities.

ITG also added to its algorithmic trading offering in Brazilian and Mexican equities, through the launch of versions of the ITG Raider Algorithmic customized for each market.

This is the latest step taken by ITG to expand in Latin America, which follows on ITG’s launch in July of POSIT Alert for Mexican equities. This enables traders to anonymously cross blocks of stock on the Bolsa Mexicana de Valores (BMV). POSIT Alert is a platform for sourcing large blocks of liquidity, according to ITG's web site. It actively alerts buy-side traders to liquidity that matches orders on their trade blotter, without human intervention to avoid information leakage.

“With the addition of Chile, Peru and Colombia, ITG now provides trading services across all of the countries included in the MSCI Latin America Index, enabling us to serve a wider range of institutional investors,” stated Eric Blake, Director, Latin America, in the firm’s release. “We look forward to further expanding our capabilities in the region as part of our commitment to providing best execution to our clients on a global basis.”

ITG’s algorithms are available via its own ITG Triton execution management system and via the FIX protocol connection to ITG from third party trading systems.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio