POSIT Alert Delivers Enhanced Block Liquidity with PowerMatch
PowerMatch notifications are available to all POSIT Alert participants with PowerScores of at least 75 on a scale of 100. All Alert participants are scored on an average of several block crossing participation factors, weighted to reflect relative importance. The highest PowerScores are given to traders who respond quickly, firm up an order, and firm up in size. The PowerScore methodology has been improved based on client feedback collected since the successful launch of PowerMatch in May.
“The PowerScore approach has been a clear success, improving the quality of interactions in POSIT Alert overall and offering PowerMatch opportunities to our best block traders,” said
ITG also announced today that it will be launching new Broker Block functionality in POSIT Alert in October. POSIT Alert participants who choose to enable Broker Block functionality will have the option to trade with sell-side conditional orders, providing the opportunity to source block liquidity from a curated list of institutional brokers. In this fashion, Broker Blocks enhances the significant buy-side block liquidity currently available in POSIT Alert. At launch, Broker Blocks will be available in the U.S.
Commenting on these enhancements, ITG’s Head of Execution Services,
About POSIT Alert
POSIT Alert is an indications system that anonymously delivers institutional block crossing opportunities to a client’s desktop from the uncommitted shares of participating buy-side clients, combined with order flow in POSIT and ITG Algorithms. Available in 36 countries worldwide, POSIT Alert seeks to eliminate time-consuming negotiations, reduce costs, and improve performance, all while maintaining anonymity. For more on POSIT Alert visit http://www.itg.com/product/posit-alert/
ITG applies technology and trading expertise to reduce implementation costs, helping clients improve investment performance. An independent broker established in 1987, ITG provides liquidity, execution, analytics and workflow solutions to leading asset management and brokerage firms.
ITG Media/Investor Contact:
J.T. Farley(212) 444-6259 firstname.lastname@example.org