ITG has announced the addition of Indian and Taiwan equities to its POSIT Alert network, taking its total of Asian pacific markets covered to 10.
The new acquisition comes in response to increased demand for block crossing tools in the region with POSIT now available for trades in countries including Australia, Hong Kong and Indonesia as well as 22 EMEA countries.
The POSIT alert India has been designed in partnership with ICICI securities utilising ITG’s trade matching technology, adding to exchange liquidity.
‘The launches of POSIT trading for India and Taiwan are important milestones in our development of regional electronic trading capabilities.
“We believe that there is a strong and growing demand for institutional block crossing and we are well positioned to provide solutions to meet this need,” said Ofir Gefen, head of brokerage for ITG in Asia Pacific.
Jamie Selway, ITG’s head of electronic brokerage, added: “The launch of POSIT Alert India demonstrates ITG’s long-term commitment to create novel solutions to hard liquidity problems at global scale to benefit our clients.
“We thank ICICI Securities for its partnership and look forward to continued momentum in the Asia Pacific region.