Investment Technology Group, Inc. (ticker: ITG, exchange: New York Stock Exchange (.N))
News Release -
ITG Completes First Phase of Integration with Macgregor OMS
NEW YORK--(BUSINESS WIRE)--June 12, 2006--Investment Technology
Group, Inc. (NYSE: ITG), a leading provider of technology-based
trading services and transaction research, today announced that its
subsidiary, ITG Solutions Network, completed the first phase of its
integration with the Macgregor product line.
ITG Solutions Network's existing Logic product has been integrated
with the Macgregor OMS, allowing the seamless exchange of pre-trade
analytical data. This integration provides Macgregor users with more
efficient access to analytics that evaluate pre-trade costs and risks
during the execution process. These tools will allow customers to
evaluate the performance of each broker and each algorithm that they
"The integration of ITG's analytical products with the Macgregor
OMS represents an important first step toward leveraging the synergies
of the acquisition," said Ian Domowitz, CEO of ITG Solutions Network.
"We are providing customers with seamless access to tools that help
them achieve their best execution requirements."
The next phase of this integration will allow full broker
management capabilities and enhanced reporting and evaluation tools.
These products are all designed to work with Macgregor XIP 7.1 and
above. ITG Solutions Network has also deployed ITG's algorithmic
trading components to the Macgregor system, offering Macgregor users
access to the unique liquidity in POSIT and other ATSs.
Investment Technology Group, Inc. (NYSE:ITG), is a specialized
agency brokerage and technology firm that partners with clients
globally to provide innovative solutions spanning the entire
investment process. A pioneer in electronic trading, ITG has a unique
approach that combines pre-trade analysis, order management, trade
execution, and post-trade evaluation to provide clients with
continuous improvements in trading and cost efficiency. 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
In addition to historical information, this press release may
contain "forward-looking" statements, as defined in the Private
Securities Litigation Reform Act of 1995, that reflect management's
expectations for the future. A variety of important factors could
cause results to differ materially from such statements. These factors
include the company's ability to achieve expected future levels of
sales; the actions of both current and potential new competitors;
rapid changes in technology; financial market volatility; general
economic conditions in the United States and elsewhere; evolving
industry regulation; cash flows into or redemption from equity funds;
effects of inflation; customer trading patterns; and new products and
services. These and other risks are described in greater detail in the
company's Annual Report on Form 10-K for the fiscal year ended
December 31, 2005, and other documents filed with the Securities and
Exchange Commission and available on the company's web site.
CONTACT: Investment Technology Group, Inc.
Investor and Media Relations:
Alicia Curran, 212-444-6130
SOURCE: Investment Technology Group, Inc.