Investment Technology Group, Inc.

Investment Technology Group, Inc. - Fact Sheet - Hoover's Online: "As its name implies, Investment Technology Group (ITG), combines technology with investing. The company, which was spun off from the Jefferies Group in 1999, provides automated equity trading services to institutional investors and brokers using its Portfolio System For Institutional Trading (POSIT) system. More than 500 global institutional clients use POSIT to confidentially trade shares and stock portfolios among themselves. ITG's other business lines include client site trading products and electronic trading desk services. To bolster its hedge fund and trade execution services, ITG acquired equity trading and research firm Hoenig Group in August 2002."