ITG Unveils Pairs Trading Algorithm

Agency broker Investment Technology Group (ITG) has announced the release of Hedge Pro, a pairs-trading algorithm that officials say will execute any North American pair combination.

The product, designed to support all major pair-trade types, will electronically monitor price deviations between pairs of assets, and will place buy and sell orders based on historical data analysis.

ITG will make the algorithm available via Triton, the broker's execution management system (EMS) and a number of as

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