ITG Rolls Out Netting Service
Launched earlier this year, the service aims to reduce the number of trading tickets associated with institutional block trades, says Stephen Alepa, a managing director with ITG. Liquidity fragmentation has lead to an explosion in trading tickets, which in turn has raised the price of settling a trade with custodians, he adds.
For an example a 250,000-share order that would be spread across eight portfolios sent to five trading algorithm providers could generate approximate 40 trading tickets, he
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