ITG Launches POSIT Alert for Mexico
Buyside Crossing Network Accesses Block Liquidity in 30 Markets
NEW YORK, July 30, 2013 /PRNewswire/ -- ITG (NYSE: ITG), a leading independent execution and research broker, today announced the launch of POSIT Alert® for Mexican equities, marking the 30th global market where POSIT Alert is available. POSIT Alert is a premier platform for sourcing large blocks of liquidity, actively alerting buyside traders to liquidity that matches orders on their trade blotter. Buyside traders use POSIT Alert to prevent information leakage on large orders, maximize their chances of finding liquidity and reduce market impact by having their orders matched at the midpoint with no need for negotiation.
In Mexico, POSIT Alert allows buyside traders to anonymously cross blocks of shares on the Bolsa Mexicana de Valores (BMV). POSIT Alert Mexico provides seamless block crossing opportunities without any human intervention, minimizing information leakage.
"The Mexican market can present challenges for the buyside in terms of sourcing block liquidity, particularly in less liquid names," said Eric Blake, ITG's Head of Latin America. "The launch of POSIT Alert offers an efficient, cost-effective solution for trading Mexican equities."
Also commenting on the rollout, ITG's Head of Electronic Brokerage, Jamie Selway, said, "our Mexican launch is an important addition to POSIT Alert's global footprint, enhancing the block liquidity value proposition we deliver to buyside traders."
POSIT Alert is already a successful tool for buyside traders across North America, Europe and the Asia Pacific region, seamlessly connecting more than 550 trade blotters. POSIT Alert currently accesses 1.1 billion shares of active, global liquidity on a given day in the US, with an average trade size in 2013 of 33,000 shares, compared to approximately 300 shares on US exchanges. In Canada, POSIT Alert transactions average approximately 29,000 shares, while in Europe the average trade size is $1.1 million and in Asia Pacific it is approximately $300,000.
For more information about accessing POSIT Alert and ITG's full suite of global electronic brokerage capabilities, please contact firstname.lastname@example.org.
ITG is an independent execution and research broker that partners with global portfolio managers and traders to provide unique data-driven insights throughout the investment process. From investment decision through settlement, ITG helps clients understand market trends, improve performance, mitigate risk and navigate increasingly complex markets. ITG is headquartered in New York with offices in North America, Europe, and Asia Pacific. For more information, please visit www.itg.com.
J.T. Farley, ITG
+1 212 444 6259
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