New electronic crossing platform expands buy-side liquidity in Asia.
ITG, the New York-headquartered agency broker and financial technology provider, has launched POSIT Alert, its electronic crossing platform for trading in Australia, Hong Kong and Japan.
POSIT Alert sources large blocks of liquidity, preventing leakage on large orders and alerting buy-side traders to liquidity that matches orders on their trade blotter. The platform is already active in North America and Europe.
"POSIT Alert is a leading global source of block liquidity for institutional investors. This Asia Pacific launch underscores our commitment to providing industry-leading tools and expertise to our clients on a global basis," says Bob Gasser, CEO and President of ITG.