GE Healthcare ($GE) is looking to cash in on the march toward hospital efficiency. It announced the acquisition of operating room management and analytics solutions provider CHCA Computer Systems today for an undisclosed amount. The deal is expected to close in the second quarter of 2014.
Multi-asset trading has become the watchword for all asset managers, including traditional long-only ones. As a result, they are demanding a single platform to trade all asset classes, especially futures. ITG recently added futures trading to its Triton EMS suite trading through a new universal Level 2 window. With this enhancement, institutional investors can trade equities, options, foreign exchange and a broader universe of futures using a single workflow tool, the company said. “Global futures is something that we’ve expanded into in a way that replicates many of the advancements that we’ve made in the equities business,” said Will Geyer, ITG managing director and head of platforms. Read more.
ITG announced the launch of ITG Smart Limit Algorithm, or "SLimit". ITG Smart Limit Algorithm employs logic to determine optimal order pricing, sizing and routing in order to balance spread capture opportunities and adverse selection risk. "ITG Smart Limit Algorithm enables institutional traders to compete effectively with high frequency traders when supplying liquidity since it uses similar trading technology and techniques," said Jeff Bacidore, head of algorithmic trading at ITG. He added, "Clients can use SLimit directly when working orders manually or indirectly when using an existing ITG algorithm." Read more.
Channel News Asia: Steve Blitz, chief economist at ITG, said: “The economy was slowing a little from the pace that was set late summer, early fall, but obviously the slowdown got exacerbated by the weather.” Read more.
New York Times: “If one is looking for a positive sign for home buying later this year as well as for autos, this is the most powerful one,” wrote Steve Blitz, the chief economist at ITG Investment Research. Read more.
|A day after the European Central Bank (ECB) did what everyone thought it would do and didn't cut interest rates, Capital Economics thinks president Draghi knows he needs to act sooner rather than later, and that there's a good chance he will. But Steve Blitz, chief economist at ITG, says there wasn't much the bank could do anyway: "Can we now all agree that central banks cannot create inflation out of thin air?" The situation in the Eurozone is not as optimistic as many would have. Continue reading.|
ITG Investment Research's Steve Blitz says we could see breakout growth in 2014. Watch the interview.
ITG Investment Research said Wednesday that it has downwardly revised its Q4 sales estimate for LinkedIn to a range of $437 million to $442 million, or $439.5 million at the midpoint. "In November, we saw an unexpected deceleration in order volume following several months of stabilization," ITG analyst Steve Weinstein wrote in a research note. Continue Reading