ITG launches Posit Alert in Asia-Pacific
The agency broker has extended the crossing system, which alerts buy-side firms to uncommitted orders on their peers’ trade blotters, to Asia’s equity markets.
Agency broker and technology provider ITG has started offering Posit Alert for Australia, Hong Kong and Japan equities trading, with a view to helping improve access to liquidity in the region.
The tool notifies buy-side firms of uncommitted orders – those that have not been sent to the market – on other buy-side firms’ trade blotters. Posit Alert runs alongside ITG’s existing Posit Marketplace dark aggregator, which helps re-assemble smaller orders already out in the market.
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