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POSIT®
Looking for liquidity? ITG’s trusted POSIT suite offers unique, buy side to buy side liquidity with a variety of crossing choices to fit your trading style.
POSIT’s crossing destinations were the first to provide buyers and sellers with equity matching opportunities and direct access to the highest quality institutional liquidity.
Today, POSIT is indispensable for active, passive and quantitative trading styles. It covers domestic and international stocks, and POSIT is also a top venue for small, illiquid names. Traders can trust POSIT to ensure complete confidentiality and no market impact.
But it’s not only POSIT’s breadth and longevity that make it different. POSIT offers a range of options with unprecedented benefits:
POSIT MatchSM
With scheduled matches throughout the trading day, POSIT Match offers concentrated liquidity across a broad range of securities, including small-, medium-, and large-cap stocks.
- Portfolio controls within POSIT Match help traders more easily manage risk. Traders can improve sector balancing, specify tracking error constraints and set dollar or share constraints on an entire portfolio.
- POSIT Match offers order enhancements such as minimum share execution, price constraints, and control.
- POSIT after-hours crossing shares the same features as the intra-day matches, plus provides protection of orders through the filtering for news and price movements after market close.
POSIT NowSM
POSIT Now offers continuous pre-market and intra-day crossing, helping to ensure that you never miss a trading opportunity.
- Distinct liquidity sources include an ongoing flow of market-bound orders, orders from other liquidity suppliers, and participation in POSIT Match’s intra-day crosses.
- POSIT Now can attract additional liquidity from unplaced shares on trade blotters through POSIT Alert.
- Traders can expose single stocks or list orders to continuous trading opportunities over a user-specified time horizon.
- Users can control execution and manage risk through a variety of features.
- POSIT Now also offers access to a confidential, pre-market POSIT VWAPSM cross, letting you achieve end-of-day VWAP on paired matches before the market opens (8:00 AM to 9:27 AM U.S. Eastern).
POSIT AlertSM
POSIT Alert leverages unplaced shares from the trade blotters of participating clients. It provides the convenience of indications-based crossing (without time-consuming negotiations) with broader liquidity. POSIT Alert is easy to use:
- Participants simply select orders from their trade blotters to make available for crossing.
- POSIT Alert scans available names on trade blotters of other participants.
- When the system identifies a match, a pop-up alerts you to the opportunity.
- Participants can then decide whether or not to trade and in what size.
- Orders are automatically executed at the midpoint of the bid/offer spread
For more information e-mail us at info@itg.com or click here for regional contact information.