Record-Breaking 63.7 Million Shares Traded on POSIT in Single Day.Business Editors NEW YORK--(BUSINESS WIRE)--April 19, 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 that a record-breaking 63.7 million shares were 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 yesterday, April 18th. This surpasses by 1.8 million shares the previous single day record of 61.9 million shares, established on February 2, 2000. "The establishment of two record-breaking days on POSIT within the last two months underscores the value ITG and POSIT continue to deliver to our clients," 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 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. 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. 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  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. marketplace, through its POSIT system, ITG provides 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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