Commentary

Erik Hoel
Traders Magazine Online News

Will The Bitcoin Bubble Pop Or Will It Envelop Us All?

Guest contributor Erik Hoel asks the question whether the worst is over for bitcoin holders, or still yet to come, what is yet to come? And why.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

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January 1, 2005

ITG Eyes Savings From POSIT Deal

By Gregory Bresiger

Investment Technology Group (ITG) will soon be the sole owner of the POSIT joint venture, a large equity crossing system. This is an acquisition that ITG officials say will provide new savings and growth opportunities. "This was the right time to do this. We can now act unilaterally. We can be more nimble," Ray Killian, ITG chairman and CEO, told Traders Magazine.

ITG bought out the remaining 50 percent stake in POSIT from BARRA, a subsidiary of Morgan Stanley Capital International, for $90 million plus contingency payments.

ITG will now push ahead with Channel, a system that will allow traders - by looking at their blotters - to decide which stocks are ready for the POSIT system.