NEW YORK, March 18, 2011 /PRNewswire/ -- Investment Technology Group, Inc. (NYSE: ITG), a leading agency research broker and financial technology firm, today announced that its algorithmic trading suite was ranked number one in the Customization, Speed, and Price Improvement categories in The Trade's 2011 Algorithmic Trading Survey. The survey recognizes global excellence in the delivery of algorithmic trading solutions. The results are based on over 350 interviews with buyside traders worldwide.
"To be ranked number one in three of this year's categories is a testimony to our dedication to providing best of breed algorithms to our clients," said Hitesh Mittal, Managing Director and Head of Liquidity Management at ITG. "We are pleased to have been globally recognized by buyside traders and will continue to customize our innovative products to satisfy their needs."
ITG's robust suite of algorithms aims to reduce market impact, maximize execution quality and improve trading performance. ITG's algo offerings include award winning POSIT Marketplace®, Dynamic Implementation Shortfall (IS), HedgePro, Active and Raider. ITG offers its algorithms across North America, Asia Pacific, Brazil and 21 EMEA markets. For more information about ITG's full algorithm offerings, visit www.itg.com/algorithms.
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.
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