09 March 2009 Company Announcements

 

ITG extends POSIT to new markets in EMEA

Investment Technology Group has extended the reach of POSIT to cover equities from the Czech Republic, Hungary and South Africa, as well as the International Order Book - the London Stock Exchange's market for liquid emerging markets' stocks. This brings the number of stocks covered by POSIT to over 14,000.

The expansion of POSIT comes one year after the launch of POSIT Alert which notifies users to trading opportunities. POSIT is an independent dark pool with diverse liquidity and claims to be Europe's longest running crossing system. It is designed to provide participants with opportunities to match equity orders at the mid-point price of the spread of the stock with complete confidentiality, anonymity and minimal market impact. Since the introduction of MiFID in November 2007, POSIT is categorised as a multilateral trading facility.

In addition to the inclusion of stocks from the Czech Republic, Hungary and South Africa, access to the IOB  boosts POSIT's coverage by a further 37 countries, including Poland, Russia and Turkey.