Google Seeks Delay on Data-Sharing Order as It Appeals Landmark Antitrust Ruling 
White House Pressures PJM to Act as Data Center Energy Demand Threatens Grid Reliability 
U.S. Moves to Expand Chevron License and Control Venezuelan Oil Sales 
Trump Criticizes NYSE Texas Expansion, Calls Dallas Exchange a Blow to New York 
Boeing Reaches Tentative Labor Deal With SPEEA Workers After Spirit AeroSystems Acquisition 
Lululemon Founder Chip Wilson Escalates Proxy Fight to Remove Advent From Board 
Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains 
Publishers Seek to Join Lawsuit Against Google Over Alleged AI Copyright Infringement 
China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production 
BHP Posts Record Iron Ore Output as China Pricing Pressures Loom 
Baidu Shares Rise in Hong Kong After Apollo Go Robotaxi Launch in Abu Dhabi 
Brazil Supreme Court Orders Asset Freeze of Nelson Tanure Amid Banco Master Investigation 
BYD Shares Rise in Hong Kong on Reports of Battery Supply Talks With Ford 
Pop Mart Shares Surge in Hong Kong After First Buyback in Nearly Two Years 
TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure 
NEW YORK and LONDON, April 25, 2017 -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced plans to offer conditional orders for POSIT Alert® in Europe. POSIT Alert clients who choose to enable this functionality will have the option to interact with sell-side conditional orders, providing the opportunity to execute in the POSIT MTF against block liquidity from participating institutional brokers. Buy-side users who choose this feature will be alerted to block opportunities when matches are found.
The conditional order functionality can enhance the significant buy-side block liquidity currently available in POSIT Alert, which averaged $18 billion in indicated daily liquidity in the EMEA region during the first quarter of 2017. Conditional orders are already available as an opt-in feature to POSIT Alert in the U.S. and the functionality will be rolled out for POSIT Alert in EMEA during the second quarter of 2017.
“With the MiFID II trading rules nearing on the horizon, there is a greater focus on block trading,” said Duncan Higgins, Head of Electronic Products for ITG in Europe. “Investors are looking to interact with non-displayed liquidity in a more deliberate way and the conditional orders functionality enables users to access new block liquidity sources while still minimizing their market impact.”
New POSIT Alert Records
The new conditional order functionality adds to the strength of POSIT Alert’s global crossing capabilities. POSIT Alert set new trading records in the first quarter of 2017, with more than $440 million in average daily value traded in EMEA and more than $42 million in Asia Pacific. POSIT Alert is available to buyside traders to execute in 37 markets worldwide, seamlessly connecting the trade blotters of more than 2000 traders. POSIT Alert averages more than $60 billion in indicated liquidity per day globally, with an average trade value of more than $1.4 million. For more information on ITG’s full range of global electronic brokerage capabilities, please contact [email protected] or call ITG’s London electronic trading desk at +44 207 670 4066 or New York trading desk at +1 212 444 6100.
About ITG
ITG applies technology and trading expertise to reduce implementation costs, helping clients improve investment performance. An independent broker established in 1987, ITG provides liquidity, execution, analytics and workflow solutions to leading asset management and brokerage firms. Investment Technology Group, Inc. (NYSE:ITG) has offices in Asia Pacific, Europe and North America and offers trading services in more than 50 countries. For more information, please visit www.itg.com.
ITG Media/Investor Contact: J.T. Farley +1 212 444 6259 [email protected]
