ITG, a leading independent execution broker, announced that it is expanding its Asia Pacific program trading team in response to growing client demand for agency-only PT execution. Paul Warhurst joins ITG in Hong Kong and will work alongside PT trading specialist Simone Turtle. He joins from HSBC Securities where he worked as a cash equity and program trader.
ITG currently trades for many of the largest buyside PT accounts globally, with a growing client base due to the differentiated service the firm provides both to fund managers in Asia, and those trading in Asia from the U.S. and other regions. Commenting on the new hire, Dion Cooney Asia Pacific Head of Cash and Program Trading said:
“Our Asian PT business is growing because ITG offers the buyside something unique – the best program trading technology in the hands of our expert traders. Our trading platform, Triton®, is the leading industry EMS for program trading*; our POSIT® and POSIT Marketplace® liquidity network creates trading opportunities that aren’t found elsewhere. Combine this with ITG Algorithms® which are voted Number One for quality by Asian traders** and the ITG TCA® database, the largest in the industry***, and our team has a thorough understanding of program trades from start to finish. Using this technology to get great results for our buyside clients is what sets ITG apart.”