ITG Releases Switch Trade Strategy for Hedge Funds

ITG, the 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 broker, has announced the release of the Switch Trade execution strategy, a new enhancement to the ITG Hedge Pro Algorithm.

Switch Trade allows investors to maintain dollar neutrality when executing a pair trade. The strategy offers intelligent trading tactics, enabling traders to define the sequence and urgency level of trading via a flexible and intuitive interface.

"Switch Trade allows traders to efficiently Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term one position for another by contemporaneously managing cash and minimizing leg risk," said Jeff Bacidore, ITG Managing Director and Head of Algorithms. "ITG Hedge Pro Algorithm with Switch Trade provides a powerful tool to achieve best execution for institutional investors confronted with this challenge."

ITG HedgePro Algorithm with Switch Trade and ITG's full suite of algorithms are available via ITG's Triton execution management system and also via FIX connection to ITG from third-party trading systems. ITG HedgePro Algorithm is available in the U.S. and Canada and was recently introduced for the trading of Brazilian and Mexican equities.