HONG KONG, China
Aug. 20, 2012
/PRNewswire/ -- ITG (NYSE: ITG), a leading independent execution and research broker, today announced that the award-winning POSIT
crossing network, including POSIT Marketplace
dark aggregation and the POSIT Alert
block crossing platform, are now available for trading Indonesian equities.
Following on the growth of POSIT Marketplace in
over the past two years and the launch of POSIT Alert in the region earlier this year, the addition of
continues to expand the scope of ITG's global liquidity sourcing tools.
Commenting on the launch,
, Head of Sales and Trading for ITG in
, said: "Institutional demand for liquidity in
continues to grow, particularly given the strong investment interest in emerging and growth markets. Effective bid-ask spreads in
are consistently wide, between 50 and 150 basis points, and finding liquidity in size can be an ongoing challenge. POSIT Marketplace and POSIT Alert bring mid-point crossing and the ability to find block liquidity when trading Indonesian stocks, which can help deliver price improvement and more efficient trading for our clients."
POSIT's extensive global coverage includes
, as well as 21 EMEA countries, the U.S. and
. So far in 2012, POSIT Marketplace is delivering average price improvement of 11 basis points on trading in Asia Pacific. With the launch in
and an additional market in the region expected before year-end, 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 our institutional clients.
For more information about accessing POSIT and ITG's full suite of liquidity management capabilities, contact
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
with offices in
. For more information, please visit
Clare Rowsell, ITG
+852 2846 3567