Execution and research broker ITG has announced that its ITG Order Management System (OMS), formerly known as Macgregor XIP, has been relaunched with a hosted solution offering.
Aimed at hedge funds and long-only institutional investors, ITG OMS's new hosted basis includes functionality for disaster recovery, FIX connectivity redundancy and real-time market data capabilities. The first client live on the platform is Affinity Investment Advisors, a boutique with offices in California and Connecticut.
"This hosted solution enables institutional investors to use all ITG OMS functionality via a web-based application, reducing IT spending without sacrificing stability, flexibility or performance," says Will Geyer, managing director and head of platforms at ITG. "This innovation enables smaller asset managers and hedge funds to deploy ITG OMS, while larger institutions will be attracted by the built-in Disaster Recovery capabilities and FIX redundancy."
ITG still offers local installs for the product.
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