Source: Investment Technology Group
Investment Technology Group (NYSE: ITG), a leading agency research broker and financial technology firm, today announced that its award-winning Posit crossing network has expanded to cover trading in Turkish and Israeli equities, with inclusion of approximately 600 securities in Israel and 350 in Turkey.
"With the addition of Turkey and Israel, two rapidly developing equity markets, ITG is able to provide greater reach to our clients," said Rob Boardman, Managing Director and head of ITG's EMEA operations. "This expansion of POSIT underscores our commitment to being the leading global provider of institutional block liquidity and a key partner in improving investment performance."
POSIT's extensive coverage encompasses 14,500 securities in 22 EMEA countries, including the recent addition of more than 1,000 exchange-traded funds. POSIT currently has more than a 5% share of total European dark liquidity. POSIT is also available in the U.S., Canada, Hong Kong and Australia. In the U.S., POSIT's average daily volume was 84 million shares in the 1st quarter of 2011, while average trade size in POSIT Alert was 39,000 shares.