ITG Launches Turnkey Research Payment Account Solution

Provides Robust Funding and Payment Flexibility to Adapt to MiFID II Rules NEW YORK and LONDON, Feb. 27, 2017 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced the rollout of an enhanced Research Payment Account (RPA) solution to enable asset managers to adapt to the unbundling of research and execution required under the coming MiFID II rules in Europe. The new ITG RPA solution offers a number of key features:   Funding Flexibility and Security – The RPA can be funded with a research charge alongside the execution in a manner that can be operationally similar to a traditional Commission Sharing Agreement (CSA), but ...