ITG Acquires RFQ-Hub
The terms of the acquisition were not disclosed. RFQ-hub allows buy-side desks to connect directly with sell-side market-makers, and place requests for quotes (RFQs) on a range of listed and over-the-counter derivatives.
"RFQ-hub is a welcome addition to our global technology platform," says Bob Gasser, CEO and president at ITG. "This acquisition enhances the multi-asset services we are able to provide to our institutional investor clients in Europe and beyond. In the post-Dodd-Frank world, clients are challenged increasingly by operational complexity across all asset classes and derivative instruments. We believe the team at RFQ-hub has built the best-in-class solution to simplify these work and trade flows."
The platform has been rebranded as ITG RFQ-hub, and will be accessible through the broker's Triton execution management system, as well as on a standalone platform basis.
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