Broker and trade execution provider Investment Technology Group (ITG) is ramping up its Australian presence and plans to appoint a local head of business for Australia over the next month.
ITG will roll out a series of ‘new generation’ products for the Asia Pacific region including algorithmic trading tools, advanced execution management systems and ‘alert based’ anonymous trading systems, similar to that offered by Liquidnet. As well as providing anonymous bulk trading facilities for institutional investors ITG is also one of the largest global providers of trade cost analysis (TCA) services. Alasdair Haynes, chief executive officer of the group’s international business, will visit Australia next week to meet with institutional clients and work on the group’s local strategy. ITG has offices in Melbourne and Sydney but plans to significantly boost its investment in staff and infrastructure in Australia over the next year.
Since taking over the top job at the $44 billion Funds SA more than a year ago, chief executive John Piteo has ushered in an investment function overhaul and wrapped up an important stage of the fund’s five-year data transformation program. It pledges to recentre around investment performance and more efficient processes, as the “missing piece” has been found in incoming CIO Con Michalakis.
Darcy SongJanuary 10, 2025
