ITG launches matching system in Canada
17 July 2007 | 3683 views | 0
New York-based Investment Technology Group (ITG) has launched Match Now, an alternative market that offers continuous matching for dealers trading Canadian equities.
The broker-neutral facility is being offered by ITG subsidiary TriAct Canada Marketplace. Orders for TSX-listed securities can be matched passively or swept through Match Now to the TSX or any another public marketplace, says ITG. Executions occur inside the Canadian bid-offer spread.
"Match Now offers Canadian dealers and their clients a new method for matching equity orders with complete confidentiality while helping to ensure best execution," says Wendy Rudd, CEO of TriAct.
TSX Datalinx will distribute Match Now market data over its LinxPointOne data distribution service.