ITG to Launch Bond-Trading Dark Pool
As some of the largest banks have seen their profits in fixed-income (FI) trading significantly shrink in recent years due to increased regulation around capital adequacy and risk, brokers such as ITG have decided to enter the FI space to reduce the cost of trading and create liquidity in cash bond securities.
According to New York-based ITG, its POSIT fixed-income trading platform will be fully operational as a dark pool by the end of this year. Frank DiMarco, the firm's director of fixed
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