Instinet, a provider of electronic trading and agency-only brokerage services, has deployed ITP Accounts solution from Integrated Trade Processing (ITP), a provider of integrated, customizable trading technology software and services for banks, investment managers, and securities firms.
ITP Accounts is a software as a service platform that streamlines the access to customer account and standing settlement instructions stored on Omgeo Alert and integrates this information directly into the broker’s post trade processing systems. The service ensures that the broker has the up to date client standing instructions resulting in better settlement rates and client satisfaction.
Gary Brackenridge, president and CEO of ITP, said: “Instinet has a long history of offering innovative trading technologies supported by leading edge post trade processing capabilities. We are very excited to be a part of Instinet’s overall post trade processing infrastructure”
Luke Mauro, managing director of global head of operations at Instinet, said: “ITP has demonstrated a strong understanding of our business processes and we expect ‘ITP Accounts’ to help improve the quality of settlement services we offer our clients.”