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ITG Launches ITG Smart Limit Algorithm

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Passive Algo Efficiently Supplies Liquidity in a Fragmented Environment NEW YORK, Feb. 26, 2014 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading execution and research broker, today announced the launch of ITG Smart Limit Algorithm, an innovative tool which helps institutional investors meet the challenge of trading passively in a highly competitive, fragmented market. ITG Smart Limit Algorithm, or "SLimit", is built on ITG's next-generation, low-latency trading infrastructure, providing powerful high-frequency trading technology to institutional investors. ITG Smart Limit Algorithm employs sophisticated logic to determine optimal order pricing, sizing and routing in order to balance spread ca...

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