HONG KONG and NEW YORK, Dec. 11,
2012 /PRNewswire/ -- ITG (NYSE: ITG), a leading
independent execution and research broker, today announced that the
award-winning POSIT® crossing network, including the
POSIT MarketplaceTM dark aggregation algorithm and the
POSIT Alert® block crossing platform, are now
available for trading Malaysian equities.
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Following on from the growth of POSIT Marketplace in
Asia Pacific over the past two and
a half years and the launch of POSIT Alert in the region earlier
this year, the addition of Malaysia expands the breadth of ITG's global
liquidity sourcing capabilities.
"Institutional demand for quality liquidity in Asia is on the rise, particularly in emerging
and growth markets," said ITG's Ofir
Gefen, head of Asia Pacific Electronic Brokerage and
Analytics. "Effective bid-ask spreads in Malaysia are consistently wide, between 40 and
200 basis points, and finding liquidity in size can be an ongoing
challenge. POSIT Marketplace and POSIT Alert offer mid-point
crossing and the ability to find block liquidity when trading
Malaysian stocks, which can help deliver price improvement and more
efficient trading for institutional investors."
POSIT's extensive global coverage includes Japan, Australia, Hong
Kong, Indonesia and now
Malaysia, as well as 21 EMEA
countries, the U.S. and Canada. So far in 2012, POSIT
Marketplace is delivering average price improvement of 11 basis
points on trading in Asia Pacific. With the launch in
Malaysia, expansion to new markets
continues to be a focus for ITG as part of the ongoing commitment
to providing quality global liquidity and improving investment
performance for its institutional clients. ITG was recognized
recently as Best Agency Broker by AsianInvestor and won the
award for Consistent Execution Quality at The Trade Asia
2012 algorithmic trading awards recently in Hong Kong.
For more information about accessing POSIT and ITG's full suite
of global liquidity management capabilities, please contact
info@itg.com.
About ITG
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
New York with offices in
North America, Europe, and Asia
Pacific. For more information, please visit www.itg.com.
Media
Contacts:
|
|
Clare
Rowsell, ITG
|
J.T.
Farley, ITG
|
+852 2846
3567
|
+1 212 444
6259
|
clare.rowsell@itg.com
|
corpcomm@itg.com
|
SOURCE ITG