A Fourth Match Added To UK Equities By Posit
ATS/ECN UPDATE
ITG Europe, which runs the Posit equities crossing system in London, expanded to four daily matches on January 10th, 2000.
Posit, an intraday electronic equities trading system, is designed for use by institutional investors--fund managers and broker dealers--and crosses buy and sell orders at pre-arranged times during the day. It is designed to reduce transaction costs by using midpoint pricing, and is likely to pose yet another threat to traditional, open-outcry exchanges. ITG Europe is a joint
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