3/17/2004 - TimesTen, Inc., a provider of infrastructure software for real-time applications, announced that Investment Technology Group, Inc., (NYSE: ITG), a leading provider of technology-based equity trading services and transaction research to institutional investors and brokers, has implemented the TimesTen® Real-Time Event Processing System within their latest client trading platform, Triton®. Leveraging more than a decade of expertise, Triton utilizes today's most advanced technologies to provide a comprehensive electronic trading system that integrates trade routing, real-time analytics and order management. Triton uses TimesTen for performance critical data management functions in support of quantitative trading strategies and high volume throughput of thousands of messages per second. TimesTen was selected for its proven real-time capabilities and adherence to open standards, providing ITG's clients with a whole new level of speed and efficiency in electronic trading.
Triton incorporates a Microsoft Windows Server 2003 based open architecture for unlimited modular expandability and can be implemented for stand-alone power users, work groups or as a thin client. Triton is designed for list, strategy-driven and quantitative traders by combining ITG's renowned research capabilities, comprehensive market access and algorithmic trading strategies.
"ITG brings a unique combination of advanced technologies and sophisticated quantitative research to the trading process and Triton delivers a full-featured trading environment right to the user's desktop," said Mark Wright, Managing Director of Direct Access and Consulting Services, at ITG. "Execution speed and a flexible infrastructure are extremely important to our clients and TimesTen is one of the products that differentiates our offerings and help us retain our market leadership."
"Today's drivers in capital markets include consolidation, tightening budgets and fewer resources," said Jim Groff, CEO, TimesTen, Inc. "Forward-looking firms know that spending time building software infrastructure below the trading application level is not the path to success. ITG is among the firms who have proven that commercial software like TimesTen can make them more productive, efficient and produce a superior product for their clients," added Groff.
ITG is headquartered in New York with offices in Boston, Los Angeles, Dublin, Hong Kong, London, Melbourne, Sydney, Tel Aviv and Toronto. As a leading provider of technology-based equity-trading services and transaction research to institutional investors and brokers, ITG services help clients to access liquidity, execute trades more efficiently, and make better trading decisions. ITG generates superior trading results for its clients through three lines of business. POSIT®, the world's largest equity matching system, allows clients to trade confidentially. The Electronic Trading Desk is recognized as one of the leading program trading operations in the U.S. ITG's leading-edge Client Site products allow users to implement their own trading strategies by providing direct electronic access to most sources of market liquidity. For additional information, visit www.itginc.com.
About TimesTen, Inc.
TimesTen provides infrastructure software for real-time event processing—a fundamental requirement of time-critical applications used by financial services firms and global telecom providers. Systems built with TimesTen inside are instantly responsive, highly reliable, and able to process massive transaction volumes. Cisco, JP Morgan, Nokia, Sprint and United Airlines are among the customers who rely on TimesTen's software and expertise to create a unique advantage in a rapidly changing market. For more information, visit www.timesten.com.
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