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

ITG launches Posit for Korea

18 March 2014  |  993 views  |  0 Source: ITG

ITG (ITG), a leading independent execution and research broker, today announced the addition of trading in Korean equities to the award-winning Posit crossing network.

ITG now offers POSIT in seven Asia Pacific markets, reflecting the ongoing demand for crossing tools in the region and reinforcing ITG's global commitment to sourcing liquidity for institutional investors. The POSIT suite, including POSIT Marketplace dark aggregation and the POSIT Alert(R) block crossing platform, are now available for trading Hong Kong, Australia, Japan, Indonesia, Malaysia, Singapore and Korea as well as 22 EMEA countries, the U.S., Canada and Mexico.

Commenting on the launch, Ofir Gefen, Head of Electronic Brokerage for ITG in Asia Pacific, said, "Korea has been one of the dominant Asia Pacific markets in terms of trading volume in recent years, regularly experiencing the highest average daily turnover of any Asian market except Japan. The demand is therefore high for POSIT, which has a proven track record in helping institutional traders source block liquidity and minimize market impact."

Also commenting on the launch, ITG's Head of Electronic Brokerage and Sales, Jamie Selway, said, "the expansion to Korean equities demonstrates our commitment to the continued global expansion of POSIT Alert, which is a key source of quality block liquidity for institutional investors. We plan to continue rolling out POSIT Alert to additional markets worldwide in 2014 and beyond."

Average daily volumes in POSIT Marketplace across Asia Pacific increased by almost 40% YoY in 2013 and the platform delivered average price improvement of 10 basis points in developed markets and 34 bps in emerging markets during that time. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit www.vasco.comVisit https://www.capgemini.com

Who is commenting?

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
10728 views comments | 16 tweets | 11 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8405 views comments | 15 tweets | 42 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8106 views 10 comments | 21 tweets | 26 linkedin
hands typing furiouslyHow can Blockchain Help with AML KYC
7836 views 3 | 9 tweets | 4 linkedin

Featured job

Find your next job