BOSTON and NEW YORK, Oct. 30, 2014 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading execution and research broker, and FX Connect ®, State Street Global Exchange's end-to-end, multi-bank foreign exchange platform, announced today that the ITG Triton® execution management system will be integrated with the FX Connect foreign exchange platform.
Starting in the first quarter of 2015, institutional investors will be able to use the Triton multi-asset, broker-neutral EMS to access FX Connect, which provides foreign exchange liquidity from more than 50 providers for spot, forward and swap transactions, as well as live interactive pricing and netting capability across multiple funds and currencies.
"The integration of Triton and FX Connect combines our strong equity and equity derivatives broker-neutral trading functionality with the best-in-class platform for complex foreign exchange workflows, creating a powerful tool for institutional traders," said Will Geyer, ITG managing director and head of Platforms.
Also commenting on the integration, Paul Alves, senior managing director and global head of FX Connect, State Street Global Exchange, said: "In today's global marketplace our clients need customizable tools to meet their investment needs. This partnership will link our platforms and expertise to offer clients open market access to leading trading technologies, improved security and confidence in their trade executions." FX Connect is an end-to-end, multi-bank foreign exchange platform operated by State Street Global Exchange, which provides investment decision-making tools and services to institutional investor clients. Capabilities span the trade lifecycle and combine a technology-centric product suite to help clients more effectively generate returns, manage risk and optimize costs.
About State Street
State Street Corporation (NYSE:STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $28.47 trillion in assets under custody and administration and $2.42 trillion* in assets under management as of September 30, 2014, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street's web site at www.statestreet.com.
*Assets under management include the assets of the SPDR® Gold ETF (approximately $30 billion as of September 30, 2014), for which State Street Global Markets, LLC, an affiliate of SSgA, serves as the distribution agent.
ITG is an independent execution and research broker that partners with global portfolio managers and traders to provide unique data-driven insights throughout the investment process. From investment decision through settlement, ITG helps clients understand market trends, improve performance, mitigate risk and navigate increasingly complex markets. ITG is headquartered in New York with offices in North America, Europe, and Asia Pacific. For more information, please visit www.itg.com.
Source:Investment Technology Group Inc.