Commentary

Brian Decker
Traders Magazine Online News

Three Reasons the "Downs" Have Greater Impact In An "Up and Down" Stock Market

Brian Decker, a financial planner and founder of Decker Retirement Planning Inc., argues that it is much more important for investors to consider the downside in turbulent markets than the upside.

Traders Poll

Is the adoption of electronic trading in fixed income on par of that in the FX sector?




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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.