ITG has launched a hedge fund platform for Asia-Pacific clients. It will initially target Hong Kong, Singapore and Australia with a view to rolling out the platform to other countries in the region.
Contrary to comments by the ASX chief, industry players say dark pool trading has not grown at the expense of lit-market volume, nor does it distort prices.
US agency brokerage ITG, which aggregates dark pools, has signed up 100 clients for its Posit venue in Hong Kong since March, and Australia is its next destination.
Gabriel Butler moves from ITG to strengthen the US bank's electronic platform in Hong Kong.