ITG Completes First Phase of Integration with Macgregor OMS.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Investment Technology Group, Inc. (NYSE NYSE See: New York Stock Exchange : ITG ITG In the Groove ITG Investment Technology Group ITG Information Technology Group ITG International Trumpet Guild ITG Instituut Voor Tropische Geneeskunde (Dutch: Institute of Tropical Medicine; Antwerp, Belgium) ), a leading provider of technology-based trading services and transaction research, today announced that its subsidiary, ITG Solutions Network, completed the first phase of its integration with the Macgregor product line. ITG Solutions Network's existing Logic product has been integrated with the Macgregor OMS OMS - Opportunity Management System , allowing the seamless exchange of pre-trade analytical data. This integration provides Macgregor users with more efficient access to analytics that evaluate pre-trade costs and risks during the execution process. These tools will allow customers to evaluate the performance of each broker and each algorithm that they use. "The integration of ITG's analytical products with the Macgregor OMS represents an important first step toward leveraging the synergies of the acquisition," said Ian Domowitz, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ITG Solutions Network. "We are providing customers with seamless access to tools that help them achieve their best execution requirements." The next phase of this integration will allow full broker management capabilities and enhanced reporting and evaluation tools. These products are all designed to work with Macgregor XIP (Execute In Place) The ability to execute a program directly from a memory card. 7.1 and above. ITG Solutions Network has also deployed ITG's algorithmic trading Algorithmic Trading A trading system that utilizes very advanced mathematical models for making transaction decisions in the financial markets. The strict rules built into the model attempt to determine the optimal time for an order to be placed that will cause the least amount of components to the Macgregor system, offering Macgregor users access to the unique liquidity in POSIT (Profiles for Open Systems Internetworking Technologies) A set of voluntary standards published by the National Institute of Standards and Technology (NIST) for network equipment purchased by the U.S. government. It is the successor to GOSIP. and other ATSs. About ITG Investment Technology Group, Inc. (NYSE:ITG), is a specialized agency brokerage and technology firm that partners with clients globally to provide innovative solutions spanning the entire investment process. A pioneer in electronic trading, ITG has a unique approach that combines pre-trade analysis, order management, trade execution, and post-trade evaluation to provide clients with continuous improvements in trading and cost efficiency. 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, as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, that reflect management's expectations for the future. A variety of important factors could cause results to differ materially from such statements. These factors include the company's ability to achieve expected future levels of sales; the actions of both current and potential new competitors; rapid changes in technology; financial market volatility; general economic conditions in the United States and elsewhere; evolving industry regulation; cash flows into or redemption from equity funds; effects of inflation; customer trading patterns; and new products and services. These and other risks are described in greater detail in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2005, and other documents filed with the Securities and Exchange Commission and available on the company's web site. |
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