20 August 2017
visit www.avoka.com

TSX provides direct access to Posit Canada

26 July 2002  |  2974 views  |  0 TSX provides direct access to Posit Canada

Toronto Stock Exchange (TSX) is to offer traders direct access from their desktop terminals to Posit Canada in an effort to increase order flow through its anonymous, electronic trade matching system.

Since TSX launched the trade matching facility in April this year, access to Posit Canada has been provided through a Web-based interface.

Richard Nesbitt, president of TSX Markets, says: "Direct access will simplify the process for traders to enter orders into the Posit Canada call market. Posit will now be integrated directly into the trader's desktop and will be part of their workflow environment."

Posit Canada offers two call market matches per day, one at 10:30 a.m. and the other at 2:30 p.m. eastern time. During each match participating organisations and institutions send their orders directly to Posit Canada without having to disclose any trade information, and trades are matched at the mid-point of the bid/ask spread.

Posit Canada is averaging over $15 million per match comprising over 880,000 shares. "Now that Posit Canada will be a destination on the trader's desktop, we anticipate increased order flow from both buy and sell side traders," says Nesbitt.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

CanDeal gets all clear from Canadian regulators; TSX takes stake

CanDeal gets all clear from Canadian regulators; TSX takes stake

09 July 2002  |  6489 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9453 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8028 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7576 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
7124 views 0 | 2 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
6720 views comments | 14 tweets | 12 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job