ITG LAUNCHES POSIT MARKETPLACE, COMBINING SEVERAL LIQUIDITY POOLS

Posted March 17, 2009

NEW YORK – Agency broker and financial technology firm Investment Technology Group Inc. (ITG) has introduced POSIT Marketplace, a new offering combining the existing POSIT liquidity pool with expanded destinations to help clients reach more buy-side to buy-side liquidity.

“ITG continually looks for new ways to meet the needs of our clients by innovating and evolving our offerings,” says Chris Heckman, Managing Director at ITG. “POSIT Marketplace responds to client demand for expanded liquidity options, all while maintaining the same level of quality liquidity that clients have come to expect from ITG.”

POSIT Marketplace unites ITG’s POSIT Now, POSIT Match and ITG Dark Algorithm liquidity options into one single liquidity source. POSIT Marketplace uses dark pool aggregation technology to provide clients with simplified access to an expanded range of liquidity destinations. In addition, POSIT Marketplace incorporates advanced Liquidity Filter technology to ensure that clients are protected from gaming and only interacting with quality liquidity. ITG’s POSIT Alert indications-based system will also be part of POSIT Marketplace with POSIT Alert orders interacting with Marketplace orders.