Net Capital Requirement (Tables)

12 Months Ended

Dec. 31, 2012

Net capital balances and the amounts in excess of required net capital for the U.S. Operations

Net capital balances and the amounts in excess of required net capital at December 31, 2012 for the U.S. Operations are as follows (dollars in millions):

	Net Capital		Excess Net Capital

U.S. Operations
ITG Inc.	$	104.4	$	103.4
AlterNet		4.6		4.5
ITG Derivatives		4.8		3.8

Net capital balances and the amounts in excess of required net capital for other than U.S. Operations

The net capital balances and amount of regulatory capital in excess of the minimum requirements applicable to each business as of December 31, 2012, is summarized in the following table (dollars in millions):

	Net Capital		Excess Net Capital

Canadian Operations
Canada	$	40.3	$	39.8
European Operations
Europe		49.4		26.8
Asia Pacific Operations
Australia		3.5		1.3
Hong Kong		27.3		15.9
Singapore		0.4		0.2

- Definition

Tabular disclosure of computation of net capital under the SEC Regulations which may include a reconciliation (including appropriate explanations) if material differences exist between the computations made by the independent auditor based on the audited financial statements and the broker-dealer's original unaudited Part II or IIA filing, a statement that a reconciliation is not necessary if no material differences exist between the computations made by the independent auditor based on the audited financial statements and the broker-dealer's unaudited Part II or IIA filing, when different, total assets and total liabilities, as reported in the statement of financial condition, are reconciled to the total current assets and total liabilities, respectively, as reported in the statement of computation of minimum net capital. Disclosure may also include stockholder's equity, stockholders' equity not allowable for net capital, stockholders' equity qualified for net capital, subordinated borrowings allowable in computation of net capital, other deductions or allowable credits and total capital and allowable subordinated borrowings.

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