Business Moves

ITG launches dark pool for Hong Kong equities

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Posit Marketplace could make a big dent in local trading costs for the buy side if it follows the example in the US.

Investment Technology Group (ITG) will today launch Posit Marketplace, an aggregator of dark pools, for Hong Kong equities. The broker and financial technology firm says Posit will cut trading costs, and the vendor expects to roll out similar structures in Australia and Japan over the next 12 months.

Alternative marketplaces and 'dark pools' are becoming buzzwords for improving trading efficiency in Asia, following in the footsteps of similar initiatives in Europe and the US. Initiatives such as To continue reading this article, subscribe now or call us now on +852 2122 5222.

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