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.

Investment Technology Group (Wikipedia)
Investment Technology Group, Inc.
Public company
Traded as NYSEITG
S&P 600 Component
Industry Financial services
Founded 1987

One Liberty Plaza

New York City, USA
Key people
Francis J. Troise (CEO), Minder Cheng (Chairman of the board), Steven Vigliotti(CFO)
Products Brokerage, market technology
Revenue IncreaseUS$559.8 million (2014)
Increase US $50.9 million (2014)
Total assets Increase US $1,350 million (2014)
Total equity Increase US $415.6 million (2014)
Number of employees
1,270 (2008)

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.

ITG is headquartered in New York City and has offices in locations including Boston, Los Angeles, Toronto, Chicago, London, Dublin, Tel Aviv, Madrid, Sydney, Melbourne, Hong Kong and Singapore.

<< Back to Glossary Index