Investment Technology Group (NYSE: ITG), a leading agency broker and financial technology firm, today announced the introduction of Posit Marketplace, an enhanced offering that combines the existing Posit liquidity pool with expanded destinations to help clients reach more buyside-to-buyside liquidity.
POSIT Marketplace represents the new evolution of the POSIT suite, uniting all of ITG's liquidity options, POSIT Now, POSIT Match, and the ITG Dark Algorithm, into one single liquidity source. This new offering uses dark pool aggregation technology to provide clients with simplified access to an expanded range of liquidity destinations. In addition, POSIT Marketplace incorporates advanced Liquidity Filter technology to ensure that clients are protected from gaming and only interacting with quality liquidity.
"ITG continually looks for new ways to meet the needs of our clients by innovating and evolving our offerings," said Chris Heckman, Managing Director at ITG. "POSIT Marketplace responds to client demand for expanded liquidity options, all while maintaining the same level of quality liquidity that clients have come to expect from ITG."
POSIT Alert, an indications based system, will continue to be a part of POSIT Marketplace, with POSIT Alert orders interacting with orders that reside in POSIT Marketplace. POSIT Marketplace can be accessed from any of ITG's front end products, including Triton, Radical, ITG Channel, Macgregor XIP, or any third-party EMS or OMS.