SimCorp and ITG Net Form Partnership
SimCorp and ITG Net have entered into a global partnership to enable users of SimCorp Dimension, the company’s investment management solution, to improve trade outcomes by utilising ITG Net to route orders to broker dealers via a certified interface and to use ITG’s suite of real time transaction cost analysis tools, Trading Analytic Widgets.
ITG Net connects the buy side over a FIX network to over 480 brokers in order to access their trading destinations, algorithmic tools and DMA solutions. In addition, the solution helps dealers achieve best execution by providing value-added services across the trade life cycle. The transaction cost analysis tools monitor trade performance in real time and evaluate execution quality and broker performance against selected benchmarks.