Liquidity

Electronic block crossing and alternative trading systems in 35+ countries

POSIT*

Price improvement of $1bn+ in midpoint executions over 10 years

  • Global dark ATS/MTF, operating in 33 countries
  • Technology rejects trades that don’t meet our standards; for example, Liquidity Guard filters out 1 million shares a day in the U.S.
  • Rewards size over speed, using a size-based pro rata matching logic instead of the price-time method many other pools use
  • Minimized information leakage: We do not communicate IOIs or route orders outside POSIT
  • Access to unique institutional block liquidity, readily accessible at the BBO midpoint

ITG is at the forefront of the industry in our commitment to providing transparency. We have published a guide to POSIT as well as POSIT’s Form ATS.

Learn more about transparency at ITG >
Request more information on POSIT >

*MATCHNow in Canada

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Source: ITG, Q1 2017

POSIT Alert

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Source: ITG, Q1 2017

Delivers $61bn in block opportunities in 37 countries to buy-side desktops daily

  • Differentiated liquidity from ITG’s algos, portfolio trades and POSIT ATS/MTF
  • Automatic midpoint pricing that aims to be faster and easier than negotiating
  • Predefined block thresholds for anonymous notification to trade
  • Multiparty crosses with pro rata executions that increase likelihood of getting a print

Request more information on POSIT Alert >

Thinking

MiFID II: Systematic Internalisers and Liquidity Unbundling

Major changes are underway, causing significant extra work in the short term as the industry adapts and builds solutions to help the buy side deal with their consequences. However, we think that long term, the buy side will continue to be able to access liquidity efficiently with unprecedented control over the counterparties they choose to interact with—in effect, an unbundling of liquidity sources from the aggregation of flows residing in broker pools today.

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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