[ 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 ]
Virtu Triton
Virtu Triton is a global EMS platform with extensive broker connectivity, powered by ITG NET, connecting clients to over 700 brokers and venues for all different protocols. The platform features native integration with Virtu Trade Analytics, data and reporting platform which the vendor views as a key competitive advantage of the product. Over the next 12 months, Triton’ s major focus will be on the rollout of its low-touch, algointervention workflow, as well as building a new self-service web portal, allowing clients to configure their own custom algo wheels and auto-routing rules. Additional roadmap priorities include, continued expansion of fixed income directed and streaming dealer connectivity, deepening fixed income and FX automation and further enhancements to bilateral IOI workflows, rankings and analytics. Of Virtu’ s over 300 buy-side clients, 102 responded to this year’ s survey, ranking the vendor first once again among its peers in terms of number of responses.
Similar to last few years, Virtu Triton once again took the top spot in this year’ s survey, achieving an impressive overall score of 6.33, well above the 2025 survey average of 5.71. Virtu also outperformed the category average in all 13 aspects of service, with stella scores recorded in client service(+ 1.00), product development(+ 0.90) and cost(+ 0.89).
In terms of year-on-year performance, Triton experienced upticks in four categories, most notably in ease of use(+ 0.16). In contrast, decreases were recorded across nine functional service areas, including integration to internal systems(-0.30) and overall cost of operation(-0.20).
Clients responding to Virtu this year were heavily focused in North America( 81 %). In terms of AUM, 45 % of respondents manage over $ 50 billion in assets.
Sample feedback from respondents included the following:
• Better compatibility with OMS
• Enhance the API functionality and breadth of coverage
• FIX tag access on client’ s end so they can link account / allocation / instructions / other data easily and automate that communication to brokers
• Increasing multi-asset capabilities roll out and improving STP for more asset classes
• Integration with TCA providers
VIRTU TRITON RATINGS FOR EMS PERFORMANCE
Reliability and availability |
Latency |
Client service personnel |
Ease-ofuse |
Handling of new versions / releases |
Breadth of broker algorithms |
Timeliness of updates for broker changes |
FIX capabilities |
6.58 6.36 6.71 6.53 6.29 6.59 6.39 6.50
Breadth of asset class coverage |
Breadth of direct connections to venues |
Product development |
Ease of integration to internal systems |
Overall cost of operation |
Average score |
5.83 6.34 6.09 6.06 6.08 6.33
KEY STATS Overall Outperformer: Category Outperformer: X13
6.71
Highest score( Client service personnel)
5.83
Lowest score( Breadth of asset class coverage)
+ 0.16
Most improved( Ease-of-use)
-0.30
Least improved( Ease of integration to internal systems)
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