ITG Introduces POSIT Marketplace
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
POSIT AlertSM, 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.
In addition to historical information, this press release may contain
"forward-looking" statements, as defined in the Private Securities
Litigation Reform Act of 1995, that reflect management's expectations
for the future. A variety of important factors could cause results to
differ materially from such statements. These factors include the
company's ability to achieve expected future levels of sales; the
actions of both current and potential new competitors; rapid changes in
technology; financial market volatility; general economic conditions in
Investment Technology Group, Inc.
Carolyn Freeland, 212-444-6481
Maureen Murphy, 212-444-6323