One Year After Match System's Launch, Australian Posit Hits A$5 Mil/Match
INVESTMENT SYSTEMS
One year after its Australian Posit equity order-crossing system was introduced in Australia, Melbourne-based broker Burdett, Buckeridge & Young has made decent inroads with the system. To date, BBY has managed to attract an average liquidity of about A$200 million ($151 million) at each of its two daily crosses.
As to actual successful matches between buy and sell orders, Australian Posit is currently executing an average of A$5 million ($3.8 million) at each crossing session, according to Greg
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