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ITG Launches New Dynamic Open Algorithm

Accesses Crucial Opening Auction Liquidity While Minimizing Price Impact

NEW YORK, March 6, 2012 /PRNewswire/ -- ITG (NYSE: ITG), a leading agency research broker and financial technology firm, today announced the release of the new ITG Dynamic Open Algorithm.  ITG Dynamic Open empowers traders to tap the liquidity available in the NYSE and NASDAQ opening auctions while minimizing price impact from over-participation.  ITG Dynamic Open is the first algorithm specifically tailored to the processes of each exchange, intelligently participating in auctions by employing data from the real-time imbalance feeds. 

(Logo: http://photos.prnewswire.com/prnh/20120123/NY39237LOGO )

"The uncertainties and complexity of the opening auctions have made some traders reluctant to use the open," said Jeff Bacidore, ITG Managing Director and Head of Algorithmic Trading.  "ITG Dynamic Open Algorithm provides a powerful tool to tap the liquidity available in the auctions, reducing tracking errors and minimizing implementation shortfall."

ITG Dynamic Open Algorithm and ITG's full suite of algorithms are available via ITG's award-winning Triton® execution management system and also via FIX connection to ITG from third-party trading systems. 

ITG's liquidity management solutions include industry-leading algorithms in 35 markets across the Americas, Asia Pacific and the EMEA region and POSIT® dark crossing in 26 markets worldwide.  For more information about ITG's full range of liquidity solutions, visit www.itg.com/liquidity.

About ITG

ITG is an independent research and execution broker that partners with global portfolio managers and traders to provide unique data-driven insights throughout the investment process. From investment decision through settlement, ITG helps clients understand market trends, improve performance, mitigate risk and navigate increasingly complex markets. ITG is headquartered in New York with offices in North America, Europe, and Asia Pacific. For more information, please visit www.itg.com.

ITG Media/Investor Contact:

J.T. Farley
(212) 444-6259
corpcomm@itg.com

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