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ITG's POSIT Marketplace® Gains Traction in Asia Pacific Region

NEW YORK, Aug. 11, 2011 /PRNewswire via COMTEX/ --

Investment Technology Group, Inc. (NYSE: ITG), a leading agency research broker and financial technology firm, today announced that its award-winning POSIT® crossing network is experiencing significant growth in the Asia Pacific region.

  • POSIT Marketplace trading volumes in the Asia Pacific region nearly tripled in the second quarter of 2011 versus the prior quarter, contributing to record Asia Pacific revenues for ITG.
  • POSIT Marketplace now provides access to 8 large dark liquidity pools across the region.
  • Institutional investors using POSIT Marketplace in 2011 have experienced average price improvement of 13 basis points on their trades.

"Investors are finding increasing value in the simplicity of accessing multiple off-exchange liquidity pools through POSIT Marketplace, and the price improvement that it brings," said Michael Corcoran, head of sales and trading for ITG in Asia Pacific. "The institutional liquidity and continuous crossing of POSIT combined with access to other key off-exchange trading venues is compelling, particularly given the rapidly changing regional market structure."

POSIT's extensive global coverage now encompasses Hong Kong, Australia, North America and 21 EMEA countries, with Japanese equities to follow shortly. POSIT currently has more than a 6% share of total European dark liquidity. In the US, POSIT's average daily volume was 83 million shares in the second quarter of 2011, up 20% over the prior year, while average trade size in the POSIT Alert® block indications crossing system was 37,000 shares.

For more information on ITG's expertise in finding liquidity worldwide, visit www.smart-liquidity.com.

About Investment Technology Group

Investment Technology Group, Inc., is an independent agency research broker that partners with asset managers globally to improve performance throughout the investment process. A leader in electronic trading since launching the POSIT® crossing network in 1987, ITG takes a consultative approach in delivering the highest quality institutional liquidity, execution services, analytical tools, and proprietary research insights grounded in data. Asset managers rely on ITG's independence, experience, and intellectual capital 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 region. For more information on ITG, please visit www.itg.com.

Media Contacts:




Asia Pacific:

US:

Clare Rowsell, ITG

J.T. Farley, ITG

+852 2846 3567

+1 212 444 6259

clare.rowsell@itg.com

corpcomm@itg.com

SOURCE ITG

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