Investment Technology Group, a trading services firm, is connecting its users to major broker algorithms via its Triton execution management system. Besides ITG's proprietary algorithms, ITG clients can access proprietary algorithms from Banc of America, BNY ConvergEx, Bear Stearns, Citigroup, Jefferies, JPMorgan, Lehman Brothers, Merrill Lynch, Sanford C. Bernstein and UBS. Clients can also set specific execution parameters.
Andrew Larkin, managing director at ITG, said the change underscores ITG's broker-neutral approach. ITG Triton connects customers to 90 brokers and all major alternative trading systems, electronic communication networks and exchanges.