NEW YORK, Jan. 27, 2014 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading execution and research broker, today announced a record trading day for the POSIT® Alert buyside-only block crossing network, with $1.74 Billion in value traded globally on January 23rd, 2014. This surpasses the previous record of $1.63 Billion set earlier in the month.
POSIT Alert is a premier global platform for sourcing large blocks of liquidity, actively alerting buyside traders to liquidity that matches orders on their trade blotter. Buyside traders use POSIT Alert to prevent information leakage, maximize liquidity and reduce market impact by matching at the midpoint without the need for negotiation.
"POSIT Alert is a leading buyside block crossing venue and key part of the POSIT platform, which has been a trusted source of quality institutional liquidity for 27 years," said Jamie Selway, ITG Managing Director and Head of Electronic Brokerage. "Our strong global momentum – with block crossing in 30 countries and algorithmic trading in 40 countries – demonstrates the value we bring to clients seeking best execution and liquidity in size."
POSIT Alert, POSIT and ITG's full suite of algorithms are available in the Americas, Europe and the Asia Pacific region via ITG's award-winning Triton® execution management system and also via FIX connection to ITG from third-party trading systems. For more information about ITG's electronic brokerage platform visit www.itg.com/liquidity or contact us at email@example.com.
ITG is an independent execution and research broker that partners with global portfolio managers and traders to provide unique data-driven insights throughout the investment process. From investment decision through settlement, ITG helps clients understand market trends, improve performance, mitigate risk and navigate increasingly complex markets. ITG is headquartered in New York with offices in North America, Europe, and Asia Pacific. For more information, please visit www.itg.com.
CONTACT: ITG Media/Investor Contact: J.T. Farley (212) 444-6259 firstname.lastname@example.orgSource:Investment Technology Group Inc.