MANAGEMENT BRIEFS

MANAGEMENT BRIEFS

Investment Technology Group has added five matching sessions to its Posit crossing system to occur after regular trading hours. Effective no later than October 18, regular Posit matches will occur on an hourly basis, from 10:00 a.m. to 3:00 p.m., New York time, with four additional matches occurring at 4:30 p.m., 5:00 p.m., 5:30 p.m. and 6:00 p.m., using the mid-point of the consolidated bid/offer spread. One more additional match will take place at 9:00 a.m., using a forward pricing algorit

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