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ITG Sponsors Conference On Transaction Costs

New York, NY, May 13, 2004 - On Tuesday, May 25, 2004, ITG will assemble an esteemed group of industry leaders to discuss proposed market structure changes and best execution practices. The conference will address the implications of the Securities and Exchange Commission's Concept Release on Measures to Improve Disclosure of Mutual Fund Transaction Costs and the cost disclosure aspects of Regulation NMS.

"The current regulatory environment is destined for change. Consequently, any efforts to redefine and clarify best execution need thorough evaluation," stated Peter Jenkins, Managing Director of Deutsche Bank Asset Management. "It is essential to understand the possible implications of change and take steps for the transition."

This forum will be held in New York City and will provide a venue for attendees to acquire valuable insights and experience from investment managers, independent auditors and academics. The agenda will cover an overview of the regulatory issues, independent auditors' viewpoints, practitioners' experiences and a panel discussion. Scheduled presenters and panelists will include:

Ted Aronson, Managing Principal, Aronson + Johnson + Ortiz, LP,

David Depew, Senior Vice President, Putnam Investment Management, Inc.,

Ian Domowitz, Managing Director, ITG Inc.,

Anthony S. Evangelista, Partner, PricewaterhouseCoopers LLP,

Peter Jenkins, Managing Director, Deutsche Bank Asset Management,

Sean McKee, Partner, KPMG,

Andre Owens, Partner, Wilmer, Cutler, and Pickering,

Erik Sirri, Walter H. Carpenter Professor of Finance, Babson College, and

William Sullivan, Managing Director, Putnam Investment Management, Inc.

About ITG

ITG is headquartered in New York with offices in Boston, Los Angeles, Dublin, Hong Kong, London, Melbourne, Sydney, Tel Aviv and Toronto. As a leading provider of technology-based equity-trading services and transaction research to institutional investors and brokers, ITG's services help clients to access liquidity, execute trades more efficiently, and make better trading decisions. ITG generates superior trading results for its clients through three lines of business. POSIT®, the world's largest equity matching system, allows clients to trade confidentially. The Electronic Trading Desk is recognized as one of the leading program trading operations in the U.S. ITG's leading-edge Client-Site Trading Products allow users to implement their own trading strategies by providing direct electronic access to most sources of market liquidity. For additional information, visit http://www.itginc.com.

Contact:
Liz Sendewicz
(212) 444 - 6130

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