SimCorp and ITG Net® form partnership

SimCorp, leading supplier of highly specialised software for the investment industry, and ITG Net®, premier network for global, broker-neutral, platform-neutral trade routing and ‘best execution’ services, have entered into a global partnership agreement. The agreement enables users of SimCorp Dimension, SimCorp’s investment management solution, to improve trade outcomes by utilising ITG Net to route orders to broker dealers via a certified interface and to use ITG’s suite of real-time transaction cost analysis tools, Trading Analytic Widgets™.

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 ITG’s 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.

“The 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” said Matthew Reid, who is responsible for the strategic direction of order management in SimCorp Dimension. “We introduced ITG’s 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 Net’s FIX network is now fully certified with SimCorp Dimension and ITG’s Trading Analytic Widgets co-resides with the system’s order management core functionality, providing a seamless, managed deployment. We expect significant adoption as our clients continue to increase their reliance on our platform.” 

“We are very excited about our partnership with SimCorp,” concludes Tony Booth, ITG Net international director. “We are working together to deliver our FIX network and continue developing ITG’s 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.”
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Enquiries regarding the announcement should be addressed to:
Matthew Reid, Domain Manager at SimCorp, +44 2072 60 1921/ +44 7971 98 0760

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About SimCorp
SimCorp is a leading provider of highly specialised software and expertise for the investment industry. SimCorp supports global investment management organisations in mitigating risk, reducing cost and enabling growth through development and implementation of its market-leading financial software solution SimCorp Dimension. Established in 1971, with more than 1,100 employees, SimCorp is listed on the NASDAQ OMX Copenhagen A/S. SimCorp is headquartered in Copenhagen with subsidiaries and branches in Amsterdam, Brussels, Frankfurt, Helsinki, Hong Kong, Kiev, London, Los Angeles, Luxembourg, Munich, New York, Oslo, Paris, Singapore, Stockholm, Sydney, Toronto, Vienna and Zurich. For more information about SimCorp, visit www.simcorp.com.

About ITG Investment Technology Group, Inc., is an independent agency research broker that partners with asset managers globally to improve performance throughout the investment process. A leader in electronic trading since launching the POSIT(R) crossing network in 1987, ITG takes a consultative approach in delivering the highest quality institutional liquidity, execution services, analytical tools, and proprietary research insights grounded in data. Asset managers rely on ITG's independence, experience, and intellectual capital to help mitigate risk, improve performance, and navigate increasingly complex markets. The firm is headquartered in New York with offices in North America, Europe, and the Asia Pacific region. For more information on ITG, please visit http://www.itg.com/.