ITG Introduces Raider Algorithm

NEW YORK--(Business Wire)--
Investment Technology Group, Inc. (NYSE: ITG), a leading agency broker and
financial technology firm, today introduces Raider, a new algorithm that
captures trading opportunities by rapidly adapting to fast-paced movements in
the market. Orders remain completely hidden while the algorithm seizes liquidity
in the open market and dark venues simultaneously.

Raider offers varying levels of urgency, allowing the trader to choose the
precise level of aggressiveness to address any market condition. The algorithm
rapidly captures attractive spreads and subsequently pulls back when liquidity
dries up and the spread widens. Raider is unlike other aggressive algorithms
that are tied to a benchmark such as arrival price. Rather, Raider`s sole focus
is to seize favorable liquidity opportunities in both the open market and in
dark pools such as ITG`s POSIT MarketplaceSM.

"Raider is a solution for active traders who are faced with a growing list of
challenges, from increased volatility and fragmentation to wider spreads and
reduced depth of quote," said Hitesh Mittal, Managing Director at ITG. "Raider`s
speed and stealth, along with exclusive access to the buyside liquidity in POSIT
Marketplace, help clients optimize their execution performance by swiftly
capturing quality liquidity."

At the core of POSIT Marketplace is ITG`s Liquidity Filter technology, which
ensures that orders proactively avoid interaction with toxic liquidity. Raider
can be accessed from any of ITG`s execution and order management systems,
including Triton®, Radical, ITG Channel, Macgregor XIP®, or any third-party EMS
or OMS.

About ITG

Investment Technology Group, Inc., is a specialized agency brokerage and
financial technology firm that partners with asset managers globally to provide
innovative solutions spanning the investment continuum. A leader in electronic
trading since launching POSIT in 1987, ITG`s integrated approach now includes a
range of products from portfolio management and pre-trade analysis to trade
execution and post-trade evaluation. Asset managers rely on ITG`s independence,
experience, and agility 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 regions. For more information on
ITG, please visit www.itg.com.

In addition to historical information, this press release may contain
"forward-looking" statements that reflect management`s expectations for the
future.A variety of important factors could cause results to differ materially
from such statements.These factors are noted throughout ITG`s 2008 Annual
Report, on its Form 10-K, and on its Form 10-Qs and include, but are not limited
to, the actions of both current and potential new competitors, rapid changes in
technology, fluctuations in market trading volumes, financial market volatility,
changes in commission pricing, evolving industry regulations, errors or
malfunctions in our systems or technology, cash flows into or redemptions from
equity funds, effects of inflation, customer trading patterns, the success of
our products and service offerings, our ability to continue to innovate and meet
the demands of our customers for new or enhanced products, our ability to
successfully integrate companies we have acquired, changes in tax policy or
accounting rules, fluctuations in foreign exchange rates, as well as general
economic, business, credit and financial market conditions, internationally or
nationally, and adverse changes or volatility in interest rates.

Investment Technology Group, Inc.
Media Relations
Carolyn Freeland, 212-444-6481
or
Investor Relations
Maureen Murphy, 212-444-6323

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