Warm UK Welcome For European Posit; Launch Exceeds Company Expectations
TRADING LINKS
LONDON--If Posit's reception in the UK is anything to go by, markets everywhere are ready to embrace electronic trading. The system crossed more than 17.6 million shares on its first day and some 21 million shares the second.
"It's really been a stunning success," says Alasdair Haynes, chief executive officer at ITG Europe, a joint venture between Investment Technology Group and Societe Generale.
"On our first day, we saw about 1.3 percent of the total [UK-listed equities] market share and there
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