Expands Block Crossing Network to 38 Countries Worldwide
HONG KONG and NEW YORK, April 26, 2018 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent agency broker and financial technology provider, today announced the addition of trading in New Zealand equities to the POSIT® and POSIT® Alert crossing platforms. New Zealand marks the 12th country in the Asia Pacific region and the 38th country globally where POSIT Alert block crossing is available.
“The addition of New Zealand to our Asia Pacific market coverage makes POSIT Alert’s liquidity offerings even stronger,” said Michael Corcoran, CEO for ITG in Asia Pacific. “Alert is a valuable source of quality block liquidity for institutional traders, reducing average trade impact in Asia Pacific by more than 45 basis points and delivering average price improvement of 9 basis points,” he added.
POSIT Alert provides block crossing opportunities for equities in 38 countries across the Americas, Europe and the Asia Pacific region, seamlessly connecting the trade blotters of more than 2000 traders. In the first quarter of 2018, POSIT Alert averaged more than $90 billion in indicated global liquidity per day, including more than $12 billion in Asia Pacific, with average Asia Pacific crossing sizes of $1.2 million.
For more information about accessing POSIT Alert, POSIT crossing and ITG’s full range of global electronic brokerage capabilities, please contact email@example.com or call ITG’s New York Trading Desk +1-212-444-6100 or Hong Kong Trading desk +852-2846-3535.
Investment Technology Group (NYSE:ITG) is a global financial technology company that helps leading brokers and asset managers improve returns for investors around the world. We empower traders to reduce the end-to-end cost of implementing investments via liquidity, execution, analytics and workflow technology solutions. ITG has offices in Asia Pacific, Europe and North America and offers execution services in more than 50 countries. Please visit www.itg.com for more information.
ITG Media Contacts:
Clare Witts, Asia Pacific
+852 2846 3567
J.T. Farley, U.S.
+1 (212) 444-6259
Source: Investment Technology Group, Inc.