Last €13.67 EUR
Change Today -0.115 / -0.83%
Volume 0.0
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As of 2:16 AM 07/30/14 All times are local (Market data is delayed by at least 15 minutes).

investment technology group (IVY) Snapshot

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52 Week High
01/3/14 - €14.97
52 Week Low
08/1/13 - €10.73
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investment technology group (IVY) Details

Investment Technology Group, Inc. operates as an independent research and execution broker in the United States, Canada, Europe, and the Asia Pacific region. The company offers trade execution services and solutions for portfolio management, investment research, pre-trade analytics, and post-trade analytics and processing; and investment and market research, and sales and portfolio trading services. It provides ITG Algorithms and ITG Smart Router that offers portfolio managers and traders to trade orders. The company also offers POSIT, which provides continuous and scheduled crossing of non-displayed equity orders and price enhancement opportunities; ITG Derivatives that offers electronic-listed futures and options trading, including algorithmic trading and direct market access; ITG Commission Manager, a Web-based commission management portal; and securities lending services. In addition, it provides various platforms comprising Execution Management System, which provides multi-asset trading opportunities; Order Management System that combines portfolio management, compliance functionality, trading, post-trade processing, and a financial services communications network; ITG Net, a financial communications network that provides connectivity between buy-side and sell-side firms for order routing and indication of interest messages; and ITG Single Ticket Clearing, a broker-neutral operational service. Further, the company offers ITG Trading Analytics, which enhances execution performance before the trade happens (pre-trade) and during trading (real-time) by providing reliable portfolio analytics and risk models; and ITG Portfolio Analytics that assists asset managers with portfolio decision-making tasks from portfolio construction and optimization. Additionally, it provides institutional broker-dealer services; and pre-and post-trade analysis, fair value, and trade optimization services. The company was founded in 1983 and is headquartered in New York, New York.

1,001 Employees
Last Reported Date: 04/11/14
Founded in 1983

investment technology group (IVY) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $750.0K
Chief Financial Officer and Managing Director
Total Annual Compensation: $900.0K
Managing Director and Chief Executive Officer...
Total Annual Compensation: $883.9K
Managing Director and Chief Executive Officer...
Total Annual Compensation: $621.3K
Managing Director, Head of Analytics and Chie...
Total Annual Compensation: $500.0K
Compensation as of Fiscal Year 2013.

investment technology group (IVY) Key Developments

Investment Technology Group May Seek Changes Or Sale

A shareholder of Investment Technology Group Inc.’s (NYSE:ITG) disclosed in a letter a 6.3% stake in ITG’s common stock and said ITG's "results and stock performance have dramatically lagged every publicly traded peer that we believe is relevant." Dated July 21, 2014, the letter was sent to ITG Chairman Maureen O'Hara from Justin Hughes. "ITG should embark on a new strategy and seek new management to execute that strategy or, if the Board does not feel a new strategy is enough to correct the lagging performance, then the Board should place ITG up for sale," Hughes wrote. He stated ITG shares could be worth more than $50. An ITG spokesman said in a statement that "ITG welcomes constructive input from investors and is committed to creating lasting value for all of its shareholders." The price of shares in ITG climbed on July 22, 2104, after the letter urging ITG to make management changes or put itself up for sale.

ITG Launches Expanded Options Capability in Triton

ITG announced that the Triton(R) EMS suite now offers expanded options trading capabilities, including multi-broker routing and access to Delta and Volatility algorithms. The enhanced functionality builds upon Triton's robust options offering, which includes a full options sheet, Level 2 depth-of-book window, and support for spread orders. ITG also deployed new option smart order routing capability, utilizing low-latency quote feeds and order delivery connectivity to access multiple execution venues. It combines ITG's event-driven smart order routing software with effective monitoring and support tools to deliver best execution. These new options capabilities are available via the Triton suite, which includes Triton for global multi-asset portfolio trading and Triton(R) Black for active single-security trading. In addition, these platforms offer access to ITG's options algorithms including ITG Delta Algorithm, ITG Volatility Algorithm, ITG Pounce Algorithm, ITG Sweep Algorithm and many third-party options algorithms, as well as ITG Smart Router. The addition of ITG's Delta and Volatility algorithms now also offers clients the ability to automatically delta hedge their options positions.

Timothy Reilly to Join ITG as Managing Director

ITG announced that Timothy Reilly will be joining the firm as a Managing Director based in New York. Mr. Reilly will take up the role of Head of Electronic Sales in late August, responsible for U.S. sales efforts across the Electronic Brokerage, Platforms and Analytics product groups. He will be joining ITG from Citigroup Global Markets in New York, where he served as head of Electronic Execution Sales and previously led the U.S. Alternative Execution Group and the U.S. Portfolio Sales Trading Desk.


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Industry Average

Valuation IVY Industry Range
Price/Earnings 19.0x
Price/Sales 1.2x
Price/Book 1.6x
Price/Cash Flow 18.2x
TEV/Sales NM Not Meaningful

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