ITG’s POSIT Alert Network Establishes Record $1.74 Billion Trading Day

New York-based ITG, a global Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and research broker specializing in derivatives, equities and foreign exchange, announced a record $1.74 billion trading day January 23rd for its POSIT Alert system, besting a previous record ($1.63 billion) that was established earlier this month, via a ITG release.

The POSIT Alert platform is a block-crossing indications tool that eliminates time-consuming negotiations, reduces costs and improves overall performance of trading. The popularity of the system is already on full display in 2014 having soared in trading volume this January. POSIT Alert’s primary role is its sourcing and allocation of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term – a premium for traders – that helps alert buy-side traders by matching their orders using trade-specific criteria.

POSIT Alert Represents Latest Installment in Versatile Liquidity Platform

According to Jamie Selway, ITG Managing Director and Head of Electronic Brokerage, in a recent statement, "POSIT Alert is a leading buy-side block crossing venue and key part of the POSIT platform, which has been a trusted source of quality institutional liquidity for 27 years. Our strong global momentum - with block crossing in 30 countries and algorithmic trading in 40 countries - demonstrates the value we bring to clients seeking best execution and liquidity in size."

Swelling trading volumes are nothing new for ITG, which made headlines late last year when it licensed the TwoFour FX front-to back FX operations as a means of effectively dealing with its high-volume trading capabilities.

A Truly Global Option for Traders

More recently however, buy-side traders utilize the POSIT Alert service to mitigate information seepage and to maximize the liquidity. Furthermore, the system helps reduce trading costs by matching orders at the midpoint, devoid of charges for system use. One reason for the POSIT Alert’s recent performance can likely be attributed to its flexibility worldwide – the service is available in Europe, the Middle East, Africa, Latin America, North America and the Asia-Pacific. Ultimately, if previous volumes are any indication for future behavior, ITG may see its record volume shattered by year-end.