ZagTrader Leaps into Algorithmic Trading and Releases the First Set of Execution Automation Algorithms
Dubai, United Arab Emirates
Wednesday, May 29, 2017
ZagTrader, a Dubai-based technology company specializing in Banking and Capital Markets Solutions, has formally released the first set of execution automation and algorithmic technology powered by Investment Technology Group.
The first set of Algorithms includes ITG’s Active, Dynamic Open, Dynamic Close, Raider, VWAP, TWAP, Volume Participation, Flexible Participation Algorithms, Smart Order Routing and Trading Services.
ZagTrader is at the forefront of the industry in its commitment to provide Algorithmic Trading capabilities that have become part of the standard tool-set utilized by the professional trading community. ZagTrader plans to introduce more algos for its clients to cover more geographies,asset-classes, and profit objectives. ZagTrader has similar collaboration with various data, research, analytics and service providers to provide a single consolidated platform.
“We are very happy to announce the ZagTrader and ITG relationship. To us, this is a big step for ZagTrader, and collaborating with ITG will add a lot of value to the users of the ZagTrader platform, We have developed a very flexible algo framework that allows the platform to adopt any new or updates on any of the algos very swiftly” said Shihab Khalil – CEO of ZagTrader.
“ZagTrader is a leader in Banking and Capital Markets technology and the platform gives us access to new opportunities to deploy ITG’s algorithmic trading technology in the region. Establishing a working relationship with ZagTrader means we can provide high levels of customer service, which is essential when introducing new technology. ” said Rob Boardman – CEO of ITG Europe.
Headquartered in Dubai since 2009 with a large development and support offices and business partner’s network across the globe. ZagTrader is a leading technology company specializing in global financial services industry including banking and capital markets. ZagTrader provides a world-class end-to-end integrated trading platform to serve its clients from banks and financial institutions with agility and innovation. For additional information, visit http://www.zagtrader.com
An independent broker established in 1987, ITG provides liquidity, execution, analytics and workflow solutions to leading asset management and brokerage firms. Investment Technology Group, Inc. (NYSE:ITG) has offices in Asia Pacific, Europe and North America and offers trading services in more than 50 countries. For more information, please visit www.itg.com