Net Capital Requirement (Tables)

9 Months Ended

Sep. 30, 2014

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 September 30, 2014 for the U.S. Operations are as follows (dollars in thousands):

	Net Capital		Excess
U.S. Operations
ITG Inc.	$	73,147	$	72,147
AlterNet	4,817		4,597
ITG Derivatives	4,626		3,626

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

The regulatory net capital balances and amount of regulatory capital in excess of the minimum requirements applicable to each business at September 30, 2014, is summarized in the following table (dollars in thousands):

	Net Capital		Excess (Deficit)
Canadian Operations
Canada	$	40,364	$	39,916
European Operations
Ireland	72,948		21,802
U.K.	4,060		3,140
Asia Pacific Operations
Australia	18,931		7,946
Hong Kong	28,037		12,243
Singapore	367		171

- 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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