ITG Adds Single Stock Capability to Triton Direct Market Access Product
NEW YORK--(BUSINESS WIRE)--Sept. 6, 2006--Investment Technology Group, Inc. (NYSE: ITG), a leading provider of technology-based trading services and transaction research, today announced that it has added single stock functionality to its Triton direct market access (DMA) product.
Currently, many clients use one DMA product to trade lists of stocks and must switch to a different DMA product to trade single stocks. The integration of single stock functionality to Triton's robust list-trading functionality provides customers with the ability to efficiently perform both functions on one platform. This functionality was added in response to customer demand and is now available to all existing Triton customers.
"ITG has long focused on providing customers with tools that help them trade more efficiently," said Andrew Larkin, ITG's Managing Director of direct market access services. "The addition of single stock functionality to the Triton front end provides customers with a fully integrated platform for trading both lists and individual stocks."
ITG has two direct market access products, Triton and Radical. The single stock functionality that was integrated into Triton previously existed in Radical. Triton is geared toward list, strategy-driven and quantitative traders, with integrated analytical tools and trading strategy creation capabilities. Radical is a flexible multi-user interface for active and single-stock trading. Radical will continue to be available separately from Triton.
Investment Technology Group, Inc. (NYSE:ITG), is a specialized agency brokerage and technology firm that partners with clients globally to provide innovative solutions spanning the entire investment process. A pioneer in electronic trading, ITG has a unique approach that combines pre-trade analysis, order management, trade execution, and post-trade evaluation to provide clients with continuous improvements in trading and cost efficiency. The firm is headquartered in New York with offices in North America, Europe and the Asia Pacific regions. For more information on ITG, please visit www.itg.com.
In addition to historical information, this press release may contain "forward-looking" statements, as defined in the Private Securities Litigation Reform Act of 1995, that reflect management's expectations for the future. A variety of important factors could cause results to differ materially from such statements. These factors include the company's ability to achieve expected future levels of sales; the actions of both current and potential new competitors; rapid changes in technology; financial market volatility; general economic conditions in the United States and elsewhere; evolving industry regulation; cash flows into or redemption from equity funds; effects of inflation; customer trading patterns; and new products and services. These and other risks are described in greater detail in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2005, and other documents filed with the Securities and Exchange Commission and available on the company's web site.
CONTACT: Investors and Media Relations:
Investment Technology Group, Inc.
Alicia Curran, 212-444-6130
SOURCE: Investment Technology Group, Inc.