Investment Technology Group, Inc. was 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, Hong Kong and Singapore.[4]
History
ITG was founded in 1987 as a division of Jefferies to provide automated equity trading to institutional investors.[5]