EX-99.1 2 a07-31074_1ex99d1.htm EX-99.1
Exhibit 99.1
 

 

FOR IMMEDIATE RELEASE

 

INVESTMENT TECHNOLOGY GROUP RELEASES

 

NOVEMBER 2007 U.S. TRADING STATISTICS

 

 

NEW YORK, NY, December 10, 2007 — Investment Technology Group, Inc. (NYSE: ITG), a leading provider of technology-based trading services and transaction research, today announced that November 2007 U.S. trading volume was 4.8 billion shares and average daily volume (ADV) was 229 million shares.  This compares to 3.7 billion shares and ADV of 175 million shares in November 2006 and 4.1 billion shares and ADV of 180 million shares in October 2007.

 

There were 21 trading days in November 2007 compared to 21 trading days in November 2006 and 23 trading days in October 2007.

 

“Rebalancing activity in the market had a positive effect on ITG’s November volume,” said Howard Naphtali, Chief Financial Officer at ITG. “This activity was primarily beneficial to our direct market access products.”

 

Monthly volume statistics reflect commission-generating U.S. volume.  These statistics are preliminary and may be revised in subsequent updates and public filings.  Volume statistics are posted on ITG’s website, www.itg.com, and are available via a downloadable spreadsheet file.

 

ITG U.S. Trading Activity

 

Total U.S.
Shares

 

# of
Trade
Days

 

Total U.S.
Volume

 

Average U.S.
Daily
Volume

 

 

 

 

 

 

 

 

 

November:

 

21

 

4,804,091,382

 

228,766,256

 

 

 

 

 

 

 

 

 

Year-to-Date:

 

231

 

45,513,754,878

 

197,029,242

 

 

 

 


 

 

 

ABOUT ITG

 

Investment Technology Group, Inc. (ITG), is a specialized brokerage firm that partners with clients globally to provide innovative solutions spanning the entire trading process.  A pioneer in electronic trading, ITG has a unique approach to trading that combines pre-trade analysis, trade execution, and post-trade evaluation to provide continuous improvements in trading and cost efficiency. The firm is headquartered in New York and maintains offices in North America, Europe and the Asia Pacific regions. For additional information, 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 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, 2006, and other documents filed with the Securities and Exchange Commission and available on the company’s web site.

 

ITG Contact:

Maureen Murphy

(212) 444-6323

 

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