ITG's POSIT® Expands to Turkey and Israel

LONDON, May 18, 2011 /PRNewswire/ -- Investment Technology Group, Inc. (NYSE: ITG), a leading agency research broker and financial technology firm, today announced that its award-winning POSIT® crossing network has expanded to cover trading in Turkish and Israeli equities, with inclusion of approximately 600 securities in Israel and 350 in Turkey.  

"With the addition of Turkey and Israel, two rapidly developing equity markets, ITG is able to provide greater reach to our clients," said Rob Boardman, Managing Director and head of ITG's EMEA operations.  "This expansion of POSIT underscores our commitment to being the leading global provider of institutional block liquidity and a key partner in improving investment performance."

POSIT's extensive coverage encompasses 14,500 securities in 22 EMEA countries, including the recent addition of more than 1,000 exchange-traded funds.  POSIT currently has more than a 5% share of total European dark liquidity.  POSIT is also available in the U.S., Canada, Hong Kong and Australia.  In the U.S., POSIT's average daily volume was 84 million shares in the 1st quarter of 2011, while average trade size in POSIT Alert® was 39,000 shares.  

For more information on ITG's expertise in finding liquidity worldwide, visit www.smart-liquidity.com.

About ITG

Investment Technology Group, Inc., is an independent agency research broker that partners with asset managers globally to improve performance throughout the investment process. A leader in electronic trading since launching the POSIT® crossing network in 1987, ITG takes a consultative approach in delivering the highest quality institutional liquidity, execution services, analytical tools, and proprietary research insights grounded in data.  Asset managers rely on ITG's independence, experience, and intellectual capital to help mitigate risk, improve performance, and navigate increasingly complex markets. The firm is headquartered in New York with offices in North America, Europe, and the Asia Pacific region. For more information on ITG, please visit www.itg.com.

SOURCE Investment Technology Group, Inc.

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