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ITG Launches Active Algorithm for Brazilian Equities

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NEW YORK, Oct 21, 2010 /PRNewswire via COMTEX/ -- Investment Technology Group, Inc. (NYSE: ITG), a leading agency broker and financial technology firm, today announced the launch of its proprietary Active algorithm for Brazilian equities. The new algorithm has been added in response to growing demand from global clients investing in Brazil who are developing sophisticated electronic trading strategies. Active is available via ITG's award-winning Execution Management System, Triton(R), as well as via FIX connection and Bloomberg EMSX. Other time-based Brazilian algorithms will be available shortly.

"The Brazilian market is increasingly important for the institutional asset managers we serve, and we are pleased to offer them an algorithmic trading solution tailored to the specifics of this market," said Andrew Larkin, Managing Director and Head of US International Sales at ITG. "The Active algo for Brazil is a valuable addition to electronic trading toolkits."

The Active algorithm was developed using feedback from several leading buyside institutions and has been customized for the structure and spread profile of the Brazilian market. Active is part of ITG's robust suite of algorithms which aim to reduce market impact, maximize execution quality and improve trading performance across each new market. ITG's algo offerings also include POSIT Marketplace(R), Dynamic Implementation Shortfall, Dark List and Raider. In addition to Brazil, ITG now offers its algorithms across North America, Asia Pacific and in 21 European markets. For more information about ITG's full algorithmic offerings, visit www.itg.com/algorithms.

About ITG

Investment Technology Group, Inc., is a specialized agency brokerage and financial technology firm that partners with asset managers globally to provide innovative solutions spanning the investment continuum. A leader in electronic trading since launching POSIT in 1987, ITG's integrated approach now includes a range of products from portfolio management and pre-trade analysis to trade execution and post-trade evaluation. Asset managers rely on ITG's independence, experience, and agility 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 regions. For more information on ITG, please visit http://www.itg.com/.

In addition to historical information, this press release may contain "forward-looking" statements that reflect management's expectations for the future. A variety of important factors could cause results to differ materially from such statements. These factors are noted throughout ITG's 2009 Annual Report, on its Form 10-K, and on its Form 10-Qs and include, but are not limited to, the actions of both current and potential new competitors, fluctuations in market trading volumes, financial market volatility, changes in commission pricing, potential impairment charges related to goodwill and other long-lived assets, evolving industry regulations, errors or malfunctions in our systems or technology, rapid changes in technology, cash flows into or redemptions from equity funds, effects of inflation, ability to meet liquidity requirements related to the clearing of our customers' trades, customer trading patterns, the success of our products and service offerings, our ability to continue to innovate and meet the demands of our customers for new or enhanced products, our ability to successfully integrate companies we have acquired, changes in tax policy or accounting rules, fluctuations in foreign exchange rates, adverse changes or volatility in interest rates, our ability to attract and retain talented employees, as well as general economic, business, credit and financial market conditions, internationally or nationally.The forward-looking statements included herein represent ITG's views as of the date of this release. ITG undertakes no obligation to revise or update publicly any forward-looking statement for any reason unless required by law.

ITG Contact:

J.T. Farley

+1 212 444 6259

SOURCE Investment Technology Group, Inc.

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