Mark Wright, Head of Global Product Management, ITG: "This new technology creates a combined product offering that brings XIP firmly into a leadership position for electronic trading from an OMS."
Investment Technology Group has announced the availability of robust linkage of its EMS product, Triton®, with its OMS, Macgregor XIP®. With the new technology, clients are intended to be able to employ a high-end trading solution that works with their proven OMS infrastructure, without order staging or extra steps for compliance.
"This new technology creates a combined product offering that brings XIP firmly into a leadership position for electronic trading from an OMS," said Mark Wright, ITG's head of Global Product Management. "ITG has a tradition of offering advanced electronic trading tools and we are excited to bring this technology to our OMS customers."
According to a new TABB Group study of 118 buyside firms (Buyside OMS and EMS: Integration, Expansion and Consolidation, May 2010), seamless OMS/EMS interconnectivity is the trading technology improvement most desired by buyside traders. The study also cited XIP as one of the two most used Order Management Systems by study participants, noting that XIP "was praised for its intuitive user interface as compared to other major competitors, and for its improved access to broker algorithms."