ITG Announces Options Routing Capabilities in Radical Execution Management System
NEW YORK--(BUSINESS WIRE)--March 6, 2007--Investment Technology Group, Inc. (NYSE:ITG), a leading provider of technology-based trading services and transaction research, today announced that it has added options routing capabilities to its Radical(TM) execution management system (EMS). Customers can now execute in two asset classes, equities and options, from the same platform.
Radical is a flexible, multi-user interface for active and single-stock trading. The integration of options routing capabilities into Radical along with a direct feed from the Options Price Reporting Authority (OPRA) provides clients with access to all six options exchanges, fast execution capabilities, and increased trading efficiencies.
"By combining equity and options routing capabilities on one platform, ITG can help our clients streamline their operational processes," said Andrew Larkin, Managing Director at ITG. "Radical's reliability, anonymity and speed, combined with the ability to trade both equities and options, provides clients with a truly integrated trading platform for single stocks."
This functionality, added in response to customer demand, is now available to all Radical clients. Radical is a broker-neutral trading system that brings all the major markets directly to a trader's desktop. With Radical, traders have instant direct access to exchanges, ECNs, major broker-dealers, and ITG destinations like POSIT(R) and ITG Algorithms(TM), as well as integration with various order management systems.
About Investment Technology Group
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, 2006, and other documents filed with the Securities and Exchange Commission and available on the company's web site.
CONTACT: For Investment Technology Group, Inc.
Investor and Media Relations:
Alicia Curran, 212-444-6130
SOURCE: Investment Technology Group, Inc.