DERIVATIVES
ITG to form new derivatives execution and tech business
ITG will launch Matrix Holding Group in partnership with Option Technology Solu-
tions in Q1 2018.
I
Pro EMS/OMS.
TG has confirmed plans to launch a new derivatives
Option Technology will contribute its management
execution and technology business in partnership
TradingScreen
team to provide leadership
of the Matrix service, as
with Option Technology Solutions.
2016
2017
well as its trading and analytics platform.
Matrix Holding Group will provide derivatives trad-
Reliability and Availability
6.08
5.91
ITG said it will continue to service its buy-side cus-
ing technology and services to broker-dealers, traders
Latency
5.76
5.66
tomers with multi-asset options and futures capabili-
and select hedge funds.
Client Service Personnel
5.85
5.88
ties via the Triton EMS and trading desk.
ITG will hold a minority stake in the partnership,
Ease-of-Use
5.93
5.85
The new firm will launch in the 5.56
first quarter
of 2018
contributing its current derivatives
broker-dealer
Handling of New Versions/Releases
5.39
and will be led by founder and former
CEO
at
Liquid-
business - which will be renamed Breadth of Broker Algorithms
Matrix Executions
5.83
5.50
Point, Tony Saliba.
- and its derivatives-focused software
to create Matrix
Timeliness of Updates for Broker Changes
5.75
5.55
5.89
5.74
5.64
5.54
5.73
5.49
5.66
5.78
5.65
5.38
5.60
5.46
4.00
5.75
5.55
5.73
5.60
5.54
5.38
5.74
5.78
5.64
5.65
5.89
5.66
3.00
4.00
5.00
6.00
5.49
5.46
2017
this issue to bring the presentation
of our analysis in line with other
participants.
Congratulations again to TS on
their award.
5.83
5.50
Winter 2017
5.74
5.89
5.93
5.85
5.56
5.39
TheTrade
10
6.08
5.91
5.76
5.66
5.85
5.88
n The TRADE’s 2017 execu-
Reliability and Availability
tion management systems
Latency
(EMS) survey, TradingScreen
(TS) was commended as being
Client Service Personnel
“one of the leaders in the EMS
Ease-of-Use
industry”. After analysing the
Handling of New Versions/Releases
results, TS also emerged as the
Breadth of Broker Algorithms
winner of our overall outper-
former title at our annual Lead- Timeliness of Updates for Broker Changes
ing in Trading awards.
FIX Capabilities
Within the survey results we
Breadth of Asset Class Coverage
discovered that once again the
Breadth of Direct Connections to Venues
breadth of clients, whether
Product Development
by size, location or type was
Ease of Integration to Internal Systems
impressive for TS, and the firm
Overall Cost of Operation
saw its best scores in the area of
Reliability, for the second year in
0.00
1.00
2.00
succession.
2016
It’s scores for Client Service
the scale we used on the TS results
also reflected a performance well
differed slightly to the others in the
ahead of the Survey average.
magazine. While the results and
Upon re-assessing the tables
numbers printed were correct, we
printed in our Autumn edition of
did want to re-publish the table in
The TRADE, we discovered that
I
TradingScreen - winner of EMS outperformer award
EMS SURVEY CORRECTION
FIX Capabilities
Breadth of Asset Class Coverage
Breadth of Direct Connections to Venues
Product Development
Ease of Integration to Internal Systems
Overall Cost of Operation
7.00