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ITG's POSIT and Prosperity

Traders Magazine, May 2001

Peter Chapman

Volume is up. Profits are up. The stock is up. Investment Technology Group, by any measure, is a success. Still, the story is not all brass bands: ITG's crown jewel, POSIT, is getting old and its growth is slowing. And that's forcing the agency broker to spread its wings.

How successful is ITG? 2000 was a stellar year. It traded an average of 65 million shares per day, a whopping 40 percent jump from the previous year. Revenues increased by 34 percent in the same period to $310 million.

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