Investment Technology Group, Inc., a New York based provider of technology-based equity trading services and transaction research, today announced that the ITG Dark Algorithm is now available for Canadian equities.

The ITG Dark Algorithm provides Canadian dealers and clients trading Canadian stocks with access to Canadian dark liquidity pools and those trading interlisted stocks with access to both U.S. and Canadian dark pools without information leakage.

ITG says a client looking to trade large blocks of stock can use the ITG Dark Algorithm to aggregate multiple alternative liquidity destinations in Canada and the United States. Once clients decide which liquidity pools they want to access, the ITG Dark Algorithm will route their orders, maximizing executions at the midpoint or better and simplifying the execution process. In addition, shares sent to the ITG Dark Algorithm are never displayed in the market, ITG says.

“The introduction of the ITG Dark Algorithm for Canadian equities reflects the ongoing evolution of electronic trading in the Canadian marketplace,” said Nick Thadaney, CEO of ITG Canada Corp., in a release.

The ITG Dark Algorithm in Canada, like the U.S. version, allows users to dynamically adjust their level of participation, depending on their degree of urgency, ITG says. In addition, clients can seamlessly route to ITG’s POSIT suite in the U.S.

ITG Canada Corp. is an affiliate of Investment Technology Group, Inc.