ITG Launches POSIT for Malaysia
POSIT® crossing network, including the POSIT MarketplaceTM dark aggregation algorithm and the POSIT Alert® block crossing platform, are now available for trading Malaysian equities.
Following on from the growth of POSIT Marketplace in Asia Pacific over the past two and a half years and the launch of POSIT Alert in the region earlier this year, the addition of Malaysia expands the breadth of ITG’s global liquidity sourcing capabilities.
“Institutional demand for quality liquidity in Asia is on the rise, particularly in emerging and growth markets,” said ITG’s Ofir Gefen, head of Asia Pacific Electronic Brokerage and Analytics. “Effective bid-ask spreads in Malaysia are consistently wide, between 40 and 200 basis points, and finding liquidity in size can be an ongoing challenge. POSIT Marketplace and POSIT Alert offer mid-point crossing and the ability to find block liquidity when trading Malaysian stocks, which can help deliver price improvement and more efficient trading for institutional investors.”