ITG Extends Equities Trading Capabilities to India, Taiwan via POSIT Alert

ITG (NYSE:ITG), an independent 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 broker and research provider, has extended equities trading capabilities to India and Taiwan via its POSIT Alert crossing network utility, according to an ITG statement.

The group’s POSIT Alert India represents a unique collaboration with Indian investment bank and brokerage, ICICI Securities. The POSIT Alert utilizes ITG’s trade matching technology to help execute crosses on the Bombay Stock Exchange (BSE), in an aim to reinforce exchange 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. The extension of equities to the region is important as it taps into India’s deep liquidity market.

APAC Markets Continue to Draw Focus

At the present, ITG now offers its POSIT Alert to a total of ten sovereign Asia-Pacific (APAC) markets, which is reflective of its ongoing commitment and subsequent demand for crossing tools in the region – the platform is also available in Brazil, Canada, Mexico and the US. Additionally, the group has undergone several initiatives to capture demand for block size liquidity for institutional investors.

According to Ofir Gefen, Head of Electronic Brokerage for ITG in Asia-Pacific (APAC), in a recent statement on the launch, “The launches of POSIT trading for India and Taiwan are important milestones in our development of regional electronic trading capabilities. We believe that there is a strong and growing demand for institutional block crossing and we are well positioned to provide solutions to meet this need.”

“POSIT Alert India is a valuable new tool for investors in Indian equities. ICICI Securities is focused on offering a complete bouquet of Electronic Trading Services catering to the entire range of needs of both domestic and FII [Foreign Institutional Investor] clients. The addition of ITG’s POSIT Alert is a significant distinguishing factor that will help us in providing superior services in the Algorithmic Trading/DMA sphere,” added Anup Bagchi, Chief Executive Officer (CEO) of ICICI Securities, in an accompanying statement.

“The launch of POSIT Alert India demonstrates ITG’s long-term commitment to create novel solutions to hard liquidity problems at global scale to benefit our clients. We thank ICICI Securities for its partnership and look forward to continued momentum in the Asia Pacific region,” reiterated ITG’s Head of Electronic Brokerage, Jamie Selway.

Last month, ITG made headlines after it launched Market Compass, a mobile application based on predictive modeling techniques for traders. ITG Market Compass was designed to streamline a variety of tasks for traders and market participants, including market openings, advanced modeling methodologies, and sector-specific forecasting. The offering was also geared primarily for institutional traders, with a specific emphasis on equities and foreign exchange (FX) trading.