Investment Technology Group maintains the POSIT dark pool exchange that also provides trading algorithms and smart order routers through a subsidiary called AlterNet. POSIT uses over 100 different dark pools and order type combinations to find order-appropriate liquidity, while avoiding information-seeking contras.
|Traded as||NYSE: ITG
S&P 600 Component
|Francis J. Troise (CEO), Minder Cheng (Chairman of the board), Steven Vigliotti(CFO)|
|Products||Brokerage, market technology|
|Revenue||US$559.8 million (2014)|
|US $50.9 million (2014)|
|Total assets||US $1,350 million (2014)|
|Total equity||US $415.6 million (2014)|
Number of employees
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.