ITG Launches Next-Generation POSIT Alert
POSIT Alert is a premier global platform for sourcing large blocks of liquidity, actively alerting buyside traders to liquidity that matches orders on their trade blotter. Buyside traders use POSIT Alert to prevent information leakage, maximize liquidity and reduce market impact by matching at the midpoint without the need for negotiation. Next-generation POSIT Alert is now integrated with most major third-party trading systems.
"The next generation of POSIT Alert streamlines and globally consolidates our buyside-only block marketplace," said
POSIT Alert currently offers more than 1.1 billion shares of active liquidity on a given day in the US, with an average trade size in 2013 of over 33,000 shares, compared to approximately 300 shares on US exchanges, while average trade value in POSIT Alert in
ITG is an independent execution and research broker that partners with global portfolio managers and traders to provide unique data-driven insights throughout the investment process. From investment decision through settlement, ITG helps clients understand market trends, improve performance, mitigate risk and navigate increasingly complex markets. ITG is headquartered in
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