ITG is now offering its Asian clients and traders another venue in which to source block liquidity.
POSIT Alert, the firms block liquidity dark pool is now being offered in India and Taiwan, extending the companys reach into 10 Asia Pacific Countries, as well as allowing traders to tap into 36 countries globally.
In addition to India and Taiwan, the POSIT Alert block crossing platform is now available for trading Australia, Hong Kong, Indonesia, Japan, Korea, Malaysia, the Philippines and Singapore as well as 22 EMEA countries, Brazil, Canada, Mexico and the U.S.
Ofir Gefen, Head of Electronic Brokerage for ITG in Asia Pacific, said, The launches of POSIT trading for India and Taiwan are important milestones in our development of regional electronic trading capabilities. We believe that there is a strong and growing demand for institutional block crossing and we are well positioned to provide solutions to meet this need.
POSIT Alert India is a collaboration with leading Indian investment bank and brokerage ICICI Securities. It is not a dark pool; it employs ITGs trade matching technology to execute crosses on the Bombay Stock Exchange, adding to exchange liquidity.
In 2015 year-to-date, POSIT Alerts crossing network averaged roughly $52 billion in indicated liquidity per day, including $4.5 billion in Asia Pacific, with a global average trade size of $1.3 million.