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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