This is an email
Mark: Thus far, I have uncovered only one "nondocumented" electronic agreement. The equity desk uses the services of POSIT which is an electronic trading system which matches orders six times daily for institutions and broker dealers. There is no agreement for this matching service. I am not aware of other "matching services" and whether any agreements are in place. Let me know if you have any concerns. Thanks. Sara

What is the subject of this email?
ITG POSIT ( a "division" of the ITG trading desk }