Edition:
United States

Investment Technology Group Inc (ITG.N)

ITG.N on New York Stock Exchange

19.74USD
22 Mar 2017
Change (% chg)

$-0.16 (-0.80%)
Prev Close
$19.90
Open
$19.80
Day's High
$19.91
Day's Low
$19.54
Volume
68,548
Avg. Vol
70,586
52-wk High
$22.92
52-wk Low
$15.04

Latest Key Developments (Source: Significant Developments)

Investment Technology Group's reports trading vols for Jan 2017
Wednesday, 8 Feb 2017 06:59am EST 

Investment Technology Group Inc : January 2017 U.S. Trading volume was 2.8 billion shares compared to 3.1 billion shares in December 2016 . Jan 2017 average daily volume (adv) was 139 million shares versus ADV of 159 million shares in January 2016 ."During January 2017 there was an increase in percentage of volume from lower-rate sell-side clients".  Full Article

ITG enters into $150 mln revolving credit agreement
Wednesday, 1 Feb 2017 07:30am EST 

Investment Technology Group Inc : On January 27, 2017, co and unit entered into a $150 million 364-day revolving credit agreement - SEC filing . Investment Technology Group Inc- credit agreement includes an Accordion feature that allows for potential expansion of facility up to $225 million Source: (http://bit.ly/2kqqWeB) Further company coverage: [ITG.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

ITG reports Q4 adjusted earnings per share $0.16
Wednesday, 1 Feb 2017 06:59am EST 

Investment Technology Group Inc : ITG reports fourth quarter 2016 results . Q4 adjusted earnings per share $0.16 . Q4 GAAP earnings per share $0.17 . Q4 revenue $119.6 million versus $224.2 million . Q4 earnings per share view $0.10 -- Thomson Reuters I/B/E/S .Q4 earnings per share view $0.10, revenue view $120.5 million -- Thomson Reuters I/B/E/S.  Full Article

ITG Q3 GAAP loss per share $0.73
Wednesday, 9 Nov 2016 06:59am EST 

Investment Technology Group : Investment Technology Group - GAAP results for Q3 include establishment of reserve for potential settlement of an SEC inquiry . ITG reports third quarter 2016 results . Q3 GAAP loss per share $0.73 . Q3 revenue $104.2 million versus $120.4 million . Q3 earnings per share view $-0.11 -- Thomson Reuters I/B/E/S .Q3 adjusted loss per share $0.08.  Full Article

ITG reports Q2 adjusted loss per share $0.02
Thursday, 28 Jul 2016 06:59am EDT 

Investment Technology Group : Itg reports second quarter 2016 results . Investment Technology Group Inc says in Europe, q2 average daily value traded in posit was $1.19 billion compared to $1.25 billion in q2 of 2015 . Q2 gaap loss per share $0.16 . Q2 revenue $120.6 million versus $140.5 million . Q2 earnings per share view $-0.01 -- Thomson Reuters I/B/E/S .Investment Technology Group Inc says q2 average daily trading volume in U.S. Of 132 million shares versus 183 million shares in q2 of 2015.  Full Article

Investment Technology and former CEO enter arbitration settlement
Thursday, 23 Jun 2016 04:17pm EDT 

Investment Technology Group : On June 19, 2016, co, former ceo Robert Gasser entered initial settlement of demand for arbitration filed on Aug 3, 2015 . Gasser agreed to dismiss all claims alleged in demand for arbitration in 1 business day of expiration of revocation period .Co agreed to pay aggregate amount of $5.25 million within two business days of dismissal of arbitration - SEC filing.  Full Article

Leucadia National to buy ITG Investment Research for $12 mln in cash
Tuesday, 10 May 2016 08:00am EDT 

Investment Technology Group Inc : Leucadia will acquire ITG investment research for $12 million in cash . ITG expects to generate a net increase in cash of more than $5 million . To take restructuring charge of about $1.6 million to reduce headcount within its u.s. High-Touch sales trading operation . Upon close, ITG investment research will operate as m science . Expects to realize cost savings of approximately $3 million annually as a result of job cuts move .Does not expect material gain or loss from deal after related costs and taxes and write-down of remaining intangibles.  Full Article

Investment Technology Group Inc closes transaction to sell Calgary-Based Research Unit
Tuesday, 22 Dec 2015 04:15pm EST 

Investment Technology Group Inc:Closed its transaction to sell the Calgary-based unit of ITG Investment Research to Warburg Pincus.With the closing of this transaction, effective immediately the energy research group will operate under the new name RS Energy Group.ITG will continue to provide the energy research to its institutional clients, serving as the exclusive sales partner for institutional investors.  Full Article

Investment Technology Group Inc agrees to sell calgary-based research unit
Thursday, 5 Nov 2015 10:48am EST 

Investment Technology Group Inc:Signed a definitive agreement to sell the Calgary-based unit of ITG Investment Research to Warburg Pincus.Transaction is expected to close by the end of 2015.Under the terms of the agreement, Warburg Pincus will acquire the energy research group for $120.5 million in cash.Expects to book a gain of between $90 million and $95 million after taxes from this transaction.Transaction is expected to increase ITG's tangible book value by between $2.85 and $3.00 per share.Warburg Pincus intends to invest in the business moving forward.  Full Article

Investment Technology Group Inc appoints Frank Troise as CEO and President
Monday, 19 Oct 2015 06:58am EDT 

Investment Technology Group Inc:Says Francis J. Troise has been appointed as ITG's Chief Executive Officer and President.Troise will also become a member of the ITG Board of Directors.  Full Article

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BRIEF-Investment Technology Group's reports trading vols for Jan 2017

* January 2017 U.S. Trading volume was 2.8 billion shares compared to 3.1 billion shares in December 2016