ITG Plans to Start Fixed Income Trading Venue Under Posit Brand
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Investment Technology Group Inc., operator of one of the oldest U.S. equity dark pools, is expanding in corporate bonds.
ITG plans to start Posit FI by the end of the year, according to Frank DiMarco, director of fixed income electronic brokerage at the firm. The trading venue will price about 14,000 securities a minute, he said. As with dark pools in the stock market, the new platform will keep orders to buy and sell hidden from public view until trades are completed.