Triton. All the trading power of ITG, now on your desktop. Client-Site Trading Products

Transcription

1 Triton All the trading power of ITG, now on your desktop. Client-Site Trading Products

2 Triton ITG is known as the leader in quantitative trading, with more extensive capabilities and expertise than any other firm. Now ITG has applied this wealth of resources to create Triton, its new, Windows-based, all-in-one trading system. Triton is designed for list, strategy-driven, and quantitative traders, with advanced features to make those trading styles more productive. It also incorporates single-stock trading, ITG research capabilities, comprehensive market access, and more. In short, it brings a complete set of integrated execution and analytical tools right to the user s desktop. Trading Tools Triton is a full-featured trading environment providing for management of trades by multiple users on a desk. It also offers the means to optimize workflow exceptional speed, a customizable interface designed for ease of use, and built-in efficiencies such as order entry shortcuts and point-and-click execution direct from the list trading interface. Not only does Triton have all the power and capacity needed to run complex quantitative trading strategies, it also has a Stockbox and full features for single-stock trading. List and Order Management Enter orders directly into the blotter Automatically track the status of all trades Get one ticket with one average price and one average commission for all ITG trades Allocate trades to specific accounts for clearing and settling Track shares, value, and performance against a benchmark Triton Trading Interface

3 Trading List Aggregation Trade multiple lists as one, with automatic real-time distribution of fills to underlying portfolios Selectively freeze distribution of executed shares to underlying lists The List Manager is a tool for managing lists and aggregation in a multi-user environment. Innovative Functionality Full Windows Integration interfaces with Excel, other Windows applications, common programming languages Also links with other user systems and resources integrates external spreadsheets, algorithms, proprietary data Implementation options for: Standalone power users Work groups Thin client Open architecture for unlimited modular expandability Integrated access to ITG s proprietary pre-trade, execution, and post-trade analytics Optimized for speed and efficiency enhanced FIX protocol, streamlined functional design Customizable layout, menus, toolbars, color-coding of displays Timesaving order entry and execution shortcuts Real-Time Benchmarking Select from a variety of benchmarks including market close, real-time VWAP, intraday VWAP, decision price, or against a user-defined benchmark or time Apply benchmarks on either an order or list level Full Connectivity Route orders to more than 75 destinations, including unique ITG trading venues POSIT, TriAct continuous trade matching, and the family of ITG SmartServers and other brokers Link with proprietary systems and TOMs via FIX Multi-User Capabilities View all trading activity from any desktop Assign orders and portfolios; share real-time trade reports Take over orders from other traders Client-Site Trading Products ITG s desktop interfaces provide direct, one-point access to ITG tools for analyzing costs, electronically transmitting orders, and tracking the status of trades. They can also be used to automate trading by running one of ITG s trading strategies, applications geared to common trading styles or customized to the user s own objectives. These systems streamline the trading process, dramatically increasing efficiency and productivity of trading operations. ITG Inc. ITG Inc. combines agency-focused equity trading and advanced technologies to promote best execution at each step of the investment process. Through a network of global affiliate brokerage firms, ITG Inc. offers institutional investors a complete set of tools and services to increase investment returns by lowering transaction costs, managing risk, accessing liquidity and optimizing portfolio decisions. Contact Information To receive more information about Triton, please contact your ITG Account Executive. ITG Inc., 380 Madison Avenue, New York, NY Tel (212)

4 Algorithmic Trading Triton automates portfolio and single-stock trading by executing algorithmic strategies that embody your trading style. ITG has long been the industry leader in the development of algorithmic trading strategies, offering: Custom strategies. ITG s dedicated strategy development team will customize standard strategies or build a unique strategy to fit your trading style and objectives. ITG s developers build on the firm s extensive experience with strategies such as Pairs, Long/Short, ETF Arbitrage, Basket Trading, ResRisk+ (for management of trading risk), and Horizon (for managed execution over time, e.g., VWAP). Access to automated strategy servers. Users can complement their own strategies by routing trades to ITG s SmartServers,intelligent trading destinations that automate execution based on a given strategy and send reports straight back to Triton. ITG s set of SmartServers currently includes: SPI (for short-term price improvement), OTC Router, activepeg, and Horizon (for managed execution over time, e.g., VWAP). Custom interfaces provide control of the trading algorithms. Shown here are interfaces for ETF arbitrage and electronic market making.

5 Integrated Quantitative & Transaction Research Triton provides built-in access to a complete set of ITG analytical tools covering every stage in the trading process. Pre-trade analytics help users determine trading priorities and minimize trading costs. At the execution stage, research tools support intelligent order-setting and risk management. For post-trade analysis, Triton offers TCA, ITG s industry-leading tool for comprehensive performance measurement. Specifically, the toolkit includes: ITG ACE, our Agency Cost Estimation model, provides pre-trade cost estimates identifying the optimal balance between market impact and opportunity costs. ITG Risk enables users to predict and manage volatility over any time horizon. ITG Execution Models: the Limit Order Model which calculates a recommended price for each order based on factors including size, urgency, current market conditions, time of day, and historical volatility; and ResRisk+, which optimizes wave creation to minimize specified costs and risks. Transaction Cost Analysis (TCA ) which measures trading performance against any benchmark and delivers flexible, customizable transaction cost analysis on demand. System Requirements Physical Memory: 512MB Operating System: Windows 2000, Windows XP Integrated access to ITG ACE and TCA

6 Technology Overview With its open architecture and full Windows integration, Triton is designed to allow virtually unlimited customization and expansion of the system. Users can interface with external applications and resources; import or export data from Excel, TOMs, and proprietary systems; modify and customize system operations; add functional modules; and even program their own custom analytics and execution strategies. compound the value of dispersed trading resources by bringing them together in one system. It also provides: Flexible data import/export. Triton can incorporate data from a wide variety of sources and applications, giving the system unlimited potential for customization. For example, users can utilize Excel to create spreadsheets which monitor trading, execute orders, generate graphs from real-time data feeds, create custom analytics based on existing proprietary algorithms, and more. Analytics Engine Custom Application Trade Order Management Systems Third Party Application Databus Triton Interface Market Data Automated Trading Strategy Proprietary Data 2003 ITG Inc. All rights reserved. Not to be reproduced without permission. Member NASD, SIPC Data without barriers. Triton s databus is designed as a publish/subscribe communications layer allowing the free flow of data among linked system components, including external data sources, systems, and applications. Users can subscribe to data from the source they choose, utilize it in a Triton operation, and publish the resulting data or calculation to all users or another system component. This databus design lets users C++ Python Data Supply System (DSS) Microsoft.NET Triton Interface COM Microsoft Excel Programmatic access. A variety of Windows programming languages, such as C++,.NET, Python, and Visual Basic, can be used to write custom operations or Triton execution strategies. Programmers can use APIs to incorporate external data sources or algorithms through Triton s databus if they wish. Integration of third-party components. Triton also links with proprietary trading systems, vendor-provided TOMs, and other Windows applications. Enhanced FastFIX protocol. Triton is fully FIX-compliant, utilizing a version ITG has customized for optimum efficiency. The result is unprecedented speed in trading of even the largest waves. Leveraging ITG systems. Triton builds on the technology infrastructure ITG has developed over the past 15 years the routing, communication, real-time data, backup and support systems that have helped make ITG the industry leader in electronic trading.