UPDATE 1-Investment Technology Q2 profit slips 5 pct

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July 31 (Reuters) - Investment Technology Group Inc (ITG.N), an agency brokerage and technology firm, posted a 5 percent fall in second-quarter profit, hurt by higher expenses, but met analysts' expectations. Net income was $25.7 million, or 58 cents a share, down from $27.2 million, or 60 cents a share, in the year-ago quarter.

Analysts expected the New York-based company to earn 58 cents a share, according to Reuters Estimates.

Total expenses rose to $136.3 million from $129.1 million last year.

ITG's total revenue grew 3 percent to $180.4 million, missing analyst estimates of $182.9 million. Non-U.S. revenue rose 15 percent to $48.7 million.

Shares of the company closed at $30.38 Wednesday on the New York Stock Exchange. (Reporting by Amiteshwar Singh in Bangalore; Editing by Jarshad Kakkrakandy)