ITG launches dark pool for Hong Kong equities

Mar 16, 2010

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.

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