ITG Announces Record-Breaking Volume on POSIT; Average of 40 Million Shares Executed Per Day For Week of February 28.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--March 7, 2000 Investment Technology Group, Inc. (NYSE NYSE See: New York Stock Exchange : ITG ITG In the Groove ITG Investment Technology Group ITG Information Technology Group ITG International Trumpet Guild ITG Instituut Voor Tropische Geneeskunde (Dutch: Institute of Tropical Medicine; Antwerp, Belgium) ) today announced a record-breaking per-day average of over 40 million shares executed on its POSIT (Profiles for Open Systems Internetworking Technologies) A set of voluntary standards published by the National Institute of Standards and Technology (NIST) for network equipment purchased by the U.S. government. It is the successor to GOSIP. (R) electronic stock crossing system for the week of February 28, 2000. A total of 204 million shares were crossed during the week. This announcement follows ITG's recent single day record of 61.9 million shares traded on POSIT on February 1st. "Last week's record-breaking volume further demonstrates how ITG and its POSIT system continue to provide institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. with an electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. system able to cross large trades efficiently and confidentially," said Raymond L. Killian, Jr., chairman, president and chief executive officer. POSIT, the world's largest intra-day trade matching system, is widely known in institutional trading circles. POSIT allows pension funds, money management firms and others to cross stocks electronically and confidentially with virtually no market impact and at low commission rates. ABOUT ITG As the leading provider of technology-based equity trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as services and transaction research to institutional investors and brokers, ITG generates superior trading results for its clients. ITG's services help clients to access liquidity, execute trades more efficiently, and make better trading decisions. ITG's cutting edge trading tools are easy to use and interface seamlessly with clients' workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. . As an electronic broker, ITG differentiates itself with institutional customers via front-end or desktop services that provide unique content and connectivity. In the electronic trading marketplace, through its POSIT system, ITG is the premier confidential stock crossing system for the industry. For further information and historical POSIT volumes, please see ITG's website at www.itginc.com. POSIT is a registered service mark of the POSIT Joint Venture. |
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