ITG EUROPE ADDS EMEA MARKETS TO POSIT SYSTEM

Posted March 9, 2009

NEW YORK – Agency broker and financial technology company Investment Technology Group has added equities from the Czech Republic, Hungary and South Africa to its POSIT dark pool crossing system, along with the London Stock Exchange’s International Order Book (IOB), a venue for emerging market stocks.

“This expansion is in direct response to increased interest in emerging markets and requests to expand POSIT’s geographic scope so that traders can access our substantial pool of liquidity,” says David Stevens, Chief Executive Officer of ITG Europe. “During 2009, we will be adding additional markets and more functionality to meet the needs of our clients.”

With the added markets, POSIT covers more than 14,000 stocks. The IOB adds 37 countries in all to the reach of the system, including Poland, Russia and Turkey. POSIT matches equity orders at the mid-point price of the spread of the stock with complete confidentiality, anonymity and minimal market impact.