ITG Adds New Functionalities to Posit MarketPlace 3.0 Ahead of Mifid II

Agency broker releases European version of its PMP3 dark pool algorithm product.

Higgins says ITG will be engaging clients to use PMP3 at TradeTech 2015.

This version of Posit MarketPlace 3.0 features the same algorithm design and technology as the product launched in the US in October 2014, but has an advanced way of looking at dark pool ratios that are the focus of Mifid II discussions, says Duncan Higgins, director and head of electronic sales for EMEA at ITG.

"It can understand and interact with dark pools on the basis of the large-in-scale values, which are going to be even more important after Mifid II comes into play,” says Higgins

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