[ S U R V E Y
|
E X E C U T I O N
M A N A G E M E N T
S Y S T E M S ]
ITG
2018 2017
5.92 6.06
the ease of use (6.16), breadth of broker algorithms
6.29
6.37
(6.25) and ease
of integration
to internal systems (5.90)
5.96 also outperformed
5.94 against the survey
categories. ITG
average in every
6.39 category. 6.29
Respondents for ITG were some of the most varied
6.1
of any of the 6.16
providers in this
year’s survey. The major-
5.67 came from
5.62
ity of respondents
the United States, where
the firm’s client
6.25 base is strongest,
6.15 but there were
also entries from the UK, Canada, Australia, Hong
5.94 European nations.
5.7 Just under half of
Kong and other
6.24
respondents 6.25
for ITG manage
more than $50 million of
assets, while 5.45
the remainder
was mostly comprised of
5.45
mid-sized firms. While there were some firms that in-
5.83
dicated they 5.96
are considering
adopting other providers,
5.65
5.6 said they had no plan
three-quarters
of respondents
to replace ITG
as their EMS
provider over the next 12
5.9
5.66
months.
ITG recorded the largest increase in responses for
Reliability
and of Availability
this year’s survey
any provider, recording a 40%
Latency
increase from last year, with only Bloomberg and
TS drawing
more Personnel
responses in total. The vendor
Client
Service
recorded the third-highest average score among the
Ease-of-Use
major providers profiled in this year’s survey (5.98),
Handling
New Versions/Releases
comfortably of
outscoring
the survey-wide average and
recording
a
minor
improvement
on its showing in last
Breadth of Broker Algorithms
year’s survey.
Timeliness
Updates
for Broker
Changes
The vendor of
received
year-on-year
increased
FIX
Capabilities
scores
in 11 of the 13 categories under review from
respondents,
capabilities
in the reliability
Breadth
of with
Asset its Class
Coverage
and availability, and overall cost of operation judged
Breadth
of Direct
Venues
to have declined
since Connections
last year. While to
many
of the
Product
Development
improved scores
were incremental compared to the
previous
year, ITG posted
strong showing
compared
Ease
of Integration
to a Internal
Systems
to its competitors, clocking up the highest ranking in
Overall Cost of Operation
6.29
6.37
Reliability and Availabili ty
5.96
5.94
Latency
6.39
6.29
Client Service Pers onnel
6.16
6.1
Eas e-of-Use
5.67
5.62
Handling of New Versions/Releases
6.25
6.15
Breadth of Broker Al gorithms
Timeliness of Updates for Broker Changes
5.7
5.94
6.25
6.24
FIX Capabiliti es
5.45
5.45
Breadth of Asset Class Coverage
5.96
5.83
Breadth of Direc t Connec tions to Venues
5.65
5.6
Product D evelopment
Eas e of Integration to Internal Sys tems
5.66
5.92
6.06
Overall Cost of Operation
0.00
5.9
1.0 0
2.00
3.00
20 18
4.0 0
5.00
6.0 0
7.00
20 17
Issue 57 // TheTradeNews.com // 73