type public company traded as nyse itg industry financial services founded 1987 headquarters one liberty plaza new york city usa key people francis j. troise ceo minder cheng chairman of the board steven vigliotti cfo 1 products brokerage market technology revenue us 559.8 million 2014 2 net income us 50.9 million 2014 2 total assets us 1 350 million 2014 2 total equity us 415.6 million 2014 2 number of employees 1 270 2008 3 website www.itg.com investment technology group inc. is a united states based multinational agency brokerage and financial markets technology firm aimed at a hedge fund and asset management clientele . one of the first suppliers of electronic trading services itg launched the industry s second anonymous electronic trade matching system posit in 1987 instinet cross was launched in 1986 . itg has since expanded its business to include tools for portfolio management pre trade analysis order management trade execution and post trade evaluation . itg is headquartered in new york city and has offices in locations including boston los angeles toronto chicago london dublin tel aviv madrid sydney melbourne hong kong and singapore . 4 contents 1 history 2 offerings 3 references 4 external links history edit itg was founded in 1987 as a division of jefferies to provide automated equity trading to institutional investors . 5 that year the company introduced posit an anonymous electronic trade matching system in conjunction with barra . 6 posit remains among the most widely used matching systems . in 1990 itg launched quantex a high end trading system for institutional traders integrating analytics routing and trade management . itg began to provide clients with pre and post trade tools and analytics in 1992 . itg became a publicly traded company in 1994 listed on nasdaq . the itg australia office opened in 1997 giving regional investors posit equity crossing . the firm expanded into europe in 1998 . in 1999 itg completed its spin off from jefferies giving it full independence . 7 in 2000 the company s canada office opened . in 2002 itg moved into the hedge fund market by acquiring hoenig a provider of trade execution and research services to alternative investment funds . 8 the firm then opened an office in hong kong . itg completed its purchase of radical corporation a provider of direct access trading to the institutional brokerage and hedge fund community in 2004 . 9 the firm then opened a japan office in 2005 . the company moved to increase its transaction cost analysis offering when it acquired plexus group from jpmorgan chase in 2006 . 10 that same year itg acquired macgregor a provider of trade order management systems for 230 million . 11 in 2007 it acquired redsky financial a developer of futures and options trading technology . in 2007 the company came under pressure from activist hedge fund d. e. shaw to either sell off some of its assets or initiate a share buyback . 12 shaw has since reduced its stake citing satisfaction with itg s redsky purchase and an announced 50 million stock repurchase program . 13 offerings edit itg s offerings span the following capabilities portfolio management tools to assist portfolio managers in optimizing investment performance as well as maintaining compliance with global regulatory client and firm mandates . pre trade tools to manage trading risk increase efficiency and improve performance . trade electronic trading services which include broker neutral multi asset execution management systems ems and order management systems oms algorithms and routers posit crossing fix connectivity and traditional desk services for the trading of single stocks lists and programs international securities and specialized hedge fund services . post trade post trade processing tools for trade matching settlement notification and clearing and analysis tools for trading cost evaluation . trading research transaction cost analysis and consulting . investment research fundamental data driven equity research . market research healthcare and telecommunications primary research . posit alert tool that alerts traders to block crossing opportunities and delivers them directly to desktops from order flow in posit and itg algorithms . references edit http www.itg.com about itg management a b c d 1 annual report 2008 . investment technology group . retrieved 30 december 2009 . http www.itg.com contact us feldman heidi 2006 . jefferies group inc. . international directory of company histories . the gale group . retrieved 14 august 2008 . leighton jones phillipa 13 april 2004 . morgan stanley acquires half of posit . financial news . retrieved 14 august 2008 . church emily 7 january 1999 . jefferies sees itg spinoff this year . marketwatch . retrieved 14 august 2008 . investment technology plans to buy rival . the new york times . 28 february 2002 . retrieved 14 august 2008 . leighton jones phillipa 6 april 2004 . itg enters advanced trading market . financial news . retrieved 14 august 2008 . itg to buy jpmorgan s plexus unit for 12m . finextra . 19 september 2005 . retrieved 14 august 2008 . itg to buy macgregor for 230m . finextra . 13 july 2005 . retrieved 14 august 2008 . ross sorkin andrew 10 september 2007 . d.e. shaw gets approval to raise stake in i.t.g. . the new york times . retrieved 14 august 2008 . d.e. shaw cuts itg stake nearly in half . associated press . msn money . 6 february 2008 . retrieved 14 august 2008 . external links edit official website retrieved from https en.wikipedia.org w index.php title investment technology group & oldid 724298239 categories companies listed on the new york stock exchangebrokerage firmsfinancial services companies of the united statescompanies based in new york cityhidden categories use dmy dates from february 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured 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