The continued success of TritonÂ® and ITG Algorithmsâ¢ as well as the launch of new products such as POSIT Nowâ¢ â ITGâs continuous crossing network â in February 2007, helped strengthen the rise in revenue. Furthermore, ITGâs European trading desk also reported record average daily revenues with significant growth in non UK equity trading.
Commenting, David Stevens, Chief Executive Officer of ITG in Europe, said, "I am very pleased the positive momentum we reported at the end of last year has continued into the start of 2007, illustrating the ongoing success of ITGâs business in Europe. ITG has new initiatives and a number of product enhancements in the pipeline for later this year and we are confident that with MiFID only four months away, clients will continue to regard ITG as a partner to help them pursue Best Executionâ.
ITG is a specialised agency brokerage and technology firm providing innovative solutions spanning the entire investment process, combining pre-trade analysis, order management, trade execution, and post-trade evaluation to provide clients with continuous improvements in trading and cost efficiency.