ITG (ITG) Tops Q1 EPS by 2c

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ITG Reports First Quarter 2015 Results

April 30, 2015 8:01 AM EDT

Highest Quarterly EPS in More than Six Years

Earnings Growth Driven by Record Revenues in Europe and Asia Pacific

Declares First Quarterly Dividend of $0.07 Per Share

NEW YORK, April 30, 2015 (GLOBE NEWSWIRE) -- ITG (NYSE: ITG), an independent execution broker and research provider, today reported results for the quarter ended March 31, 2015.

First quarter 2015 highlights included:

Net income of $16.7 million, or $0.47 per diluted share compared to net income of $13.6 million, or $0.37 per diluted share for the first quarter of... More

ITG Launches Dark List Algorithm

April 28, 2015 8:02 AM EDT

NEW YORK, April 28, 2015 (GLOBE NEWSWIRE) -- ITG (NYSE: ITG), a leading execution broker and research provider, today announced the launch of the ITG Dark List Algorithm, a next-generation algorithm which brings ITG's unique dark trading capacity to portfolio traders. Using a proprietary optimization technique, the algorithm is able to efficiently trade a list in POSIT Marketplace® and POSIT Alert® without creating cash imbalances or over-trading liquid names.

"Portfolio traders are hesitant to leverage the cost-saving potential of dark pools at scale because of concerns about... More