ITG Finds 1-Percent Solution
Electronic Broker Looks for Savings Through Self-Clearing
Traders Magazine, July 2007
Self-clearing will provide lower trading costs for a big publicly traded agency broker and boost its bottom line. This is what officials of Investment Technology Group (ITG) said as the firm recently implemented a program of self-clearing. ITG will no longer use Jefferies & Co.'s clearing platform.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.