Investment Technology Group, Inc. is a multinational agency brokerage and financial markets technology firm aimed at a hedge fund and asset management clientele. 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 and order management systems, 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.

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Employee Rating

3.5More
TypeSubsidiary
Parent CompanyVirtu Financial
HQNew York, US
Founded1987
Websiteitg.com
ITG was founded in 1987 and is headquartered in New York, US
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Key People/Management at ITG

Timothy L. Jones

Timothy L. Jones

Independent Board Member, Audit Committee Member, Technology Committee Chairman
Kevin J. Lynch

Kevin J. Lynch

Independent Board Member, Audit Committee Member, Capital Committee Member
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ITG Office Locations

ITG has an office in New York
New York, US (HQ)
165 Broadway
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ITG Financials and Metrics

Summary Metrics

Founding Date

1987
ITG is a subsidiary of Virtu Financial

ITG Revenue

ITG's revenue was reported to be $483.69 m in FY, 2017
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

530.8m559.8m634.8m469.1m483.7m

Revenue growth, %

5%13%(26%)

General and administrative expense

69.0m57.5m56.2m68.6m

Operating expense total

487.7m513.6m512.3m477.2m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

120.4m124.7m120.6m104.2m120.8m121.6m114.5m131.5m260.0m

General and administrative expense

14.2m14.0m14.1m13.8m15.6m14.7m14.9m14.8m29.8m

Operating expense total

117.2m128.3m130.3m132.0m117.0m116.5m116.5m125.6m254.3m

Interest expense

429.0k535.0k572.0k561.0k520.0k510.0k499.0k486.0k974.0k
Annual
USDFY, 2013FY, 2015FY, 2016FY, 2017

Cash

261.9m330.7m278.0m287.5m

Accounts Receivable

418.3m

Inventories

PP&E

66.2m55.5m59.3m54.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

261.6m222.7m239.1m228.5m166.6m274.4m237.5m260.9m245.4m252.0m238.8m230.3m236.4m

PP&E

67.8m63.6m62.3m59.5m53.0m54.5m52.7m52.7m58.1m56.4m56.7m52.9m52.1m

Goodwill

12.3m11.6m10.6m10.6m10.2m10.6m11.0m11.5m10.8m

Total Assets

3.2b3.0b3.6b4.0b1.7b1.6b1.1b917.1m884.7m956.7m794.0m800.7m926.9m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

31.1m91.6m(25.9m)(39.4m)

Depreciation and Amortization

44.2m43.5m45.2m

Inventories

Accounts Payable

175.9m(19.0m)13.0m(11.3m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

21.4m13.6m26.5m37.9m6.5m9.2m(2.5m)(7.7m)(31.6m)5.3m9.9m(37.0m)4.4m1.3m

Depreciation and Amortization

40.3m13.0m25.9m37.9m33.3m10.8m21.7m32.5m11.2m22.4m33.7m11.2m22.2m

Accounts Payable

8.2m(14.7m)(2.2m)9.8m163.8m(34.1m)(17.9m)(5.9m)1.7m(39.5m)(29.3m)(18.9m)4.9m34.0m

Cash From Operating Activities

47.3m38.0m(28.9m)52.7m(14.6m)(32.6m)(154.8m)(74.7m)(62.1m)3.2m(8.0m)(9.5m)19.5m
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ITG Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Shares Average Daily Volume

162.50 m191.20 m182.60 m151.90 m162.20 m161.80 m131.50 m115.50 m138.10 m150.90 m147.70 m

Shares Traded

40.90 b11.70 b11.50 b9.70 b40.90 b9.90 b8.40 b7.40 b34.80 b9.40 b9.30 b
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ITG Revenue Breakdown

Embed Graph

ITG revenue breakdown by business segment: 70.0% from Execution Services, 9.4% from Analytics, 19.8% from Workflow Technology and 0.8% from Other

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ITG Online and Social Media Presence

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ITG News and Updates

INVESTMENT TECHNOLOGY GROUP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Investment Technology Group, Inc. - ITG

NEW ORLEANS, Nov. 7, 2018 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Investment Technology Group, Inc. ("ITG") (NYSE: ITG) to Virtu Financial, Inc. (NasdaqGS:...

ITG settles SEC suit for allegedly misleading dark pool subscribers

The Securities and Exchange Commission announced Wednesday that ITG Inc. and its affiliate AlterNet Securities will pay $12 million to settle charges they misled customers about the operation of the firm's dark pool from 2010 until 2015. "Contrary to assurances it made to dark pool subscribers, ITG…

Virtu Financial to buy independent brokerage ITG for $1 billion

(Reuters) - High-speed trading firm Virtu Financial Inc is buying independent brokerage Investment Technology Group Inc (ITG) for about $1 billion, ITG said on Wednesday as Virtu looks to add more big institutional investors.

REFILE-UPDATE 1-Virtu Financial to buy independent brokerage ITG for $1 bln

High-speed trading firm Virtu Financial Inc is buying independent brokerage Investment Technology Group Inc (ITG) for about $1 billion, ITG said on Wednesday as Virtu looks to add more big institutional investors.

REFILE-Virtu Financial to buy independent brokerage ITG for $1 bln

High-speed trading firm Virtu Financial Inc is buying independent brokerage Investment Technology Group Inc (ITG) for about $1 billion, ITG said on Wednesday.

Virtu to Buy ITG for $1 Billion, Adding Institutional Clients

Virtu to Buy ITG for $1 Billion, Adding Institutional Clients
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ITG Company Life and Culture

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ITG Frequently Asked Questions

  • When was ITG founded?

    ITG was founded in 1987.

  • Who are ITG key executives?

    ITG's key executives are Timothy L. Jones and Kevin J. Lynch.

  • What is ITG revenue?

    Latest ITG annual revenue is $483.7 m.

  • Who are ITG competitors?

    Competitors of ITG include ARUHI, Freetrade and OSTC.

  • Where is ITG headquarters?

    ITG headquarters is located at 165 Broadway, New York.

  • Where are ITG offices?

    ITG has an office in New York.

  • How many offices does ITG have?

    ITG has 1 office.