ITG ships Posit to Thailand
25 January 2017 | 1664 views | 0
ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced the addition of trading in Thai equities to the POSIT and POSIT Alert crossing platforms.
Thailand marks the 11th country in the Asia Pacific region and the 37th country globally where POSIT Alert block crossing is available.
In addition to launching POSIT and POSIT Alert for Thai equities, ITG is also implementing the PowerScore trading measurement system across the Asia Pacific region. The PowerScore feature works to improve user experience and overall performance across the POSIT network by providing a score to each user based on metrics that contribute to positive interactions among users on the platform.
“The addition of Thailand, a key Asia Pacific market, makes POSIT Alert’s liquidity offerings even stronger. This expansion further demonstrates our commitment to providing a high-quality block crossing network for our clients around the world,” said Ofir Gefen, Co-Head of Execution Services for ITG in Asia Pacific. “There is a clear demand for block liquidity in the region, as demonstrated by our 66% growth in value traded in POSIT Alert in 2016,” he added.
POSIT Alert is a valuable trading resource for buyside traders in 37 countries across the Americas, Europe and the Asia Pacific region, seamlessly connecting the trade blotters of nearly 2500 traders. In 2016, POSIT Alert averaged more than $50 billion in indicated liquidity per day, including more than $6 billion in Asia Pacific, with a global average trade size of $1.4 million.