ITG EUROPE COMPLETES E-CROSSNET ACQUISITION

ITG Europe, the technology-based equity trading services group, announced today that is has completed the acquisition of E-Crossnet (EXN), first announced in December 2004, and now offers professional investors in Europe an integrated equities crossing system with access to a single and expanded liquidity pool.

ITG Europe, which operates POSIT® – the intraday equities crossing system – and offers a range of transaction analysis tools such as TCA® and ITG ACE® said this is a strategic acquisition aimed at strengthening POSIT’s position as the pre-eminent equities crossing platform in Europe and believes this transaction will act as a catalyst to increase its growth momentum.

Commenting, Alasdair Haynes, CEO of ITG Europe, said:
"By combining EXN with POSIT we are giving clients the best opportunity to cross shares as well as access to ITG Europe’s professional trading desk and other tools and services."

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