19 February 2018
visit www.nextgenbanking.co.uk/

ITG adds Greece and Cyprus markets to Posit coverage

19 October 2009  |  1388 views  |  0 Source: Investment Technology Group

Investment Technology Group (NYSE: ITG), a leading agency broker and financial technology firm, has extended the reach of Posit to cover equities from Greece and Cyprus.

This brings the number of countries directly covered by POSIT in Europe, Middle East and Africa (EMEA) to 20. However, since last March 2009, connection to the London Stock Exchange's International Order book (IOB) has given POSIT users access to key stocks from a further 30+ countries, including Poland, Russia and Turkey. The total numbers of stocks in the European POSIT universe now number over 13,000.

POSIT is an independent dark pool with diverse, high quality liquidity and is Europe's longest running crossing system. It provides participants with opportunities to match equity orders at the mid-point price of the spread of the stock with complete confidentiality, anonymity and minimal market impact. The suite includes POSIT Alert (notifications-based crossing), POSIT NowTM (continuous crossing) and POSIT MatchTM (scheduled crossing). Since the introduction of MiFID in November 2007, POSIT is categorised as a multilateral trading facility.

Commenting, David Stevens, CEO of ITG in Europe, said: "Today's announcement is in line with my comments in March, that we will continue to expand and augment POSIT in response to our clients' requests. POSIT, and particularly POSIT Alert, are central components in the ITG offering as the need for sourcing liquidity in large size and without causing adverse market impact continues to be a major preoccupation of our buy-side users."

POSIT can be accessed from the ITG Dark Algorithm and a number of ITG front ends, such as the Triton execution management system and ITG ChannelTM, as well as FIX and directly from users' own order management systems.

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit www.vasco.comVisit https://www.capgemini.comvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11514 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9075 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8931 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8821 views comments | 15 tweets | 43 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7466 views comments | 12 tweets | 10 linkedin

Featured job

Find your next job