ITG Named Overall Top Pick of CSA Brokers in Integrity Research Report
NEW YORK, Aug 23, 2010 /PRNewswire via COMTEX/ -- Investment Technology Group, Inc. (NYSE: ITG), a leading agency broker and financial technology firm, today announced that it was named Overall Top Pick in the CSA Brokers category in the 2010 Integrity Research Associates' ResearchFocus(R) survey on Commission Sharing Arrangements (CSA) and Client Commission Agreements (CCA). ITG also ranked #1 for Timeliness of Payments and Financial Strength/Counterparty Risk, and was the Runner Up for top North American CSA Provider. Furthermore, ITG ranked in the top three providers according to the following metrics: Customer Support, Compliance & Regulatory Expertise, and Availability of Other Services. ITG was also highly ranked for Website Interface and Back Office Operations.
"ITG was the only CSA/CCA provider to place in the top five on every metric that we surveyed," said Michael Mayhew, Chairman of Integrity Research and the lead researcher on the survey. "This speaks well to the overall quality of ITG's commission management services."
"Winning the Overall Top Pick for CSA/CCA providers speaks to our commitment to providing the best possible tools to analyze, document and manage all aspects of commission spending and broker management, and to our continued dedication to client service." said Bob Gasser, CEO and President of ITG. "We are proud to have ranked in the Top Five in each and every category and will continue to work with clients to help streamline their operations."
The 2010 Integrity Research Associates report is based on a survey conducted during the first quarter of 2010 which polled users of commission management services from 214 buyside firms throughout North America, Europe, and Asia. The report details CSA/CCA usage patterns, comparative analysis and ratings of the seventeen most prevalent CSA providers, and Integrity Research's 2010 Top Picks for Overall CSA Provider, North America, Global, Europe, and Asia.
About Investment Technology Group
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/.
SOURCE Investment Technology Group, Inc.