Virtu Financial announced the launch of a new product called Alert+. This service will provide global financial services for investors at all stages of the investment cycle, including transparent and innovative solutions that increase liquidity.
POSIT Alert now has an improved feature that sends orders to Virtu’s Covert execution tool to find hidden trading opportunities.
Virtu’s system, POSIT Alert, helps clients all over the world find block trading opportunities in 38 countries. It provides access to liquidity from traders’ trading systems and automated orders.
Posit Alert users can now access more non-displayed liquidity by using Virtu’s Covert execution algorithm. The algorithm automates their workflow and enables them to source additional liquidity and complete orders with reduced risk.
Virtu’s Global Head of POSIT Alert and US ATSs, Brad Johmann, said:
For years now, clients using the POSIT Alert front-end application have benefited from having access to POSIT Alert’s global network of block liquidity, as well as Virtu’s suite of transparent execution algorithms. With the launch of Alert+, clients now have the option to integrate these two products through automation to enhance and streamline their search for non-displayed liquidity.
European Head of POSIT Alert, Michelle Butler, said:
As non-displayed liquidity continues to grow around the world, our clients have asked for more tools to efficiently source this liquidity to improve their execution outcomes. Alert+ was built with the goals of enhancing our clients’ execution performance by leveraging Virtu’s unique liquidity seeking products and making clients’ lives easier via automation.
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