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ITG Introduces List-Based Algorithms

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NEW YORK--(BUSINESS WIRE)--June 6, 2006--Investment Technology Group, Inc. (NYSE: ITG), a leading provider of technology-based trading services and transaction research, today announced the addition of list-based algorithms to its suite of algorithmic trading tools. List-based algorithms allow ITG's customers to actively manage risk in portfolios of stocks, while minimizing transaction costs.

ITG's list-based algorithms are designed specifically for transition trades, fund cash flows and quantitative rebalances. List-based algorithms utilize advanced optimization techniques to reduce residual risk, tracking error and market impact by simultaneously accessing POSIT(R) and ATS liquidity through DarkServer(SM). These algorithms can be used to trade a list over multiple days or within a single day, helping customers to manage their portfolio transactions more efficiently. List-based algorithms can also help maintain dollar and sector balance.

"The introduction of list-based algorithms is another example of how ITG is continuing its history of innovation in algorithmic trading, said Tony Huck, ITG's Managing Director of Sales and Trading. "As algorithmic trading proliferates, ITG focuses on developing new algorithms that answer the specific needs of our client base."

ITG's algorithmic trading offerings run the gamut from single stock algorithms to highly complex list-based algorithms. All of ITG's algorithms integrate seamlessly with ITG's direct market access products, Triton and Radical, as well as a variety of order management systems. All ITG Algorithms utilize the DarkServer(SM) to access the unique liquidity found in alternative trading systems (ATSs), while applying multiple algorithmic trading strategies.

About ITG

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: Investment Technology Group, Inc.
Investor and Media Relations:
Alicia Curran, 212-444-6130

SOURCE: Investment Technology Group, Inc.

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