ITG Announces Grant of its 17th U.S. Patent
NEW YORK, Aug 31, 2010 /PRNewswire via COMTEX/ --
NEWYORK, Aug. 31/PRNewswire-FirstCall/ -- Investment Technology Group, Inc. (NYSE: ITG), a leading agency broker and financial technology firm, today announced that the United States Patent and Trademark Office has awarded ITG its 17th U.S. patent. The patent, entitled "Method and System for Providing Aggregation of Trading on Multiple Alternative Trading Systems", relates principally to ITG's proprietary dark aggregation technology.
"The granting of this new patent expands ITG's robust portfolio of intellectual property spanning the entire investment continuum," said ITG's CEO and President, Bob Gasser. "Our best-in-class content and technology are recognized throughout the institutional investment community and our growing stable of patents demonstrates the unique and proprietary nature of our offerings."
Also today, ITG announced that it has brought suit against Liquidnet Holdings, Inc. in the United States District Court for the Southern District of New York alleging infringement of the newly issued patent and a related patent.
Investment Technology Group, Inc., is an independent agency broker and financial technology firm that partners with asset managers globally to improve performance throughout the investment process. A leader in electronic trading since launching the POSIT(R) crossing network in 1987, ITG takes a consultative approach in delivering the highest quality institutional liquidity and market-leading execution services, measurement tools, and proprietary data. Asset managers rely on ITG's independence, experience, and intellectual capital to help mitigate risk, improve performance, and navigate increasingly complex markets. The firm is headquartered in New York with offices in North America, Europe, and the Asia Pacific region. For more information on ITG, please visit http://www.itg.com/.
SOURCE Investment Technology Group, Inc.