SimCorp, leading supplier of highly specialised software for the investment industry, and ITG NetÂ®, premier network for global, broker-neutral, platform-neutral trade routing and âbest executionâ services, have entered into a global partnership agreement. The agreement enables users of SimCorp Dimension, SimCorpâs investment management solution, to improve trade outcomes by utilising ITG Net to route orders to broker dealers via a certified interface and to use ITGâs suite of real-time transaction cost analysis tools, Trading Analytic Widgetsâ¢.
ITG Net connects the buy side over a fully managed, robust and secure FIX network to over 480 brokers in order to access their trading destinations, algorithmic tools and DMA solutions. In addition to extensive connectivity, ITG Net helps dealers achieve best execution by providing value-added services across the trade life cycle. These services include ITGâs Trading Analytic Widgets, which monitors trade performance in real time and evaluates execution quality and broker performance against selected benchmarks. With Trading Analytic Widgets, SimCorp Dimension clients will be able to visualise order progress, graphically analyse execution patterns and generate reports for printing or mailing.
âThe dealing desk is facing challenging markets characterised by low volume and volatility, closer scrutiny from clients and regulators and a myriad of venues. However, preserving the intent of the order, trading without foot print or impact and contributing to the overall performance result, remain key objectives,â said Matthew Reid, who is responsible for the strategic direction of order management in SimCorp Dimension. âWe introduced ITGâs Trading Analytic Widgets to our user group and they immediately recognised the value of real-time analytics and how they will help them to manage open orders and achieve better trading results. ITG Netâs FIX network is now fully certified with SimCorp Dimension and ITGâs Trading Analytic Widgets co-resides with the systemâs order management core functionality, providing a seamless, managed deployment. We expect significant adoption as our clients continue to increase their reliance on our platform.â
âWe are very excited about our partnership with SimCorp,â concludes Tony Booth, ITG Net international director. âWe are working together to deliver our FIX network and continue developing ITGâs Trading Analytic Widgets. This means that SimCorp Dimension clients will get the benefit of our expertise in our respective fields as we seek to add value to the dealing desk.â