Independent execution and research broker said its POSIT crossing network, including the POSIT Marketplace dark aggregation algorithm and the POSIT Alert block crossing platform, are now available for trading Malaysian equities.
The addition of Malaysia expands the breadth of ITG’s global liquidity sourcing capabilities for institutional clients.
“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.”
POSIT’s global coverage includes Japan, Australia, Hong Kong, Indonesia and now Malaysia, as well as 21 EMEA countries, the U.S. and Canada.
(JDC)