Commentary

Salil Pachare and Ilia Rainer
Traders Magazine Online News

Does the Tick Size Affect Stock Prices?

The Securities and Exchange Commission has recently released a whitepaper examining the change in tick sizes on trading based on data it collected during the Tick Size Pilot.

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Would the creation of a single central regulator in Canada affect your inter-listed trading strategies?




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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.