POSIT Marketplace

ITG’s next-generation global dark aggregator, POSIT Marketplace, disproves the claim that high quality liquidity and high fill rates are mutually exclusive. In the latest release, POSIT Marketplace 3.0, ITG has created an elegant solution for quickly filling orders consistent with our high standards for quality.

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Available on all major EMS and OMS platforms, POSIT Marketplace 3.0 goes beyond dark aggregation to dark optimization, using over 100 different dark pool and order type combinations to find order-appropriate liquidity, while avoiding information-seeking contras.

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Available for: Equities

Available in: Asia Pacific, Canada, Europe, Latin America, United States

Thinking

Put A Lid On It

In a recent poll of 80+ buy-side professionals, 37% attributed more than half of their trading cost to information leakage. It’s something that traders feel, but accurately measuring it is much more difficult. Many brokers use post-trade reversion to rank dark pool performance, but looking only at adverse selection while ignoring information leakage doesn’t give the full picture. ITG’s study of controlled measurement of information leakage in dark pools shows that dark pools with the worst information leakage have unremarkable adverse selection scores.

In the
media

RECENT AWARDS

  • 2015 – Best Algorithms for hedge funds

    The Trade Broker Roll of Honour
  • 2015 – #1 among Greenwich Priorities for Equity Algo/Smart Order Routing Trades

    Greenwich Associates Europe

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