EX-99.1 2 a08-7756_1ex99d1.htm EX-99.1

 

Exhibit 99.1

 

FOR IMMEDIATE RELEASE

 

INVESTMENT TECHNOLOGY GROUP
RELEASES

 

FEBRUARY 2008 U.S. TRADING
STATISTICS

 

NEW YORK, NY, March 10, 2008 — Investment Technology Group, Inc. (NYSE: ITG), a leading provider of technology-based trading services and transaction research, today announced that February 2008 U.S. trading volume was 4.0 billion shares and average daily volume (ADV) was 202 million shares.  This compares to 3.4 billion shares and ADV of 180 million shares in February 2007 and 5.2 billion shares and ADV of 245 million shares in January 2008.

 

There were 20 trading days in February 2008 compared to 21 trading days in January 2008 and 19 trading days in February 2007.

 

“Although February has historically been a quieter month for both ITG and the markets, ITG’s February volume was our fifth highest ever,” said Howard Naphtali, Chief Financial Officer at ITG.

 

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

 

 

 

 

 

 

 

 

 

February:

 

20

 

4,040,577,964

 

202,028,898

 

 

 

 

 

 

 

 

 

Year-to-Date:

 

41

 

9,194,142,934

 

224,247,389

 

 

 


 

 

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 that combines pre-trade, order management, trade execution, and post-trade tools 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, 2007, 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