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ITG Gets Into Liquidnet's Face

Traders Magazine, December 2006

Nina Mehta

With new muscle behind it, Investment Technology Group is elbowing its way into an electronic business previously the sole province of Liquidnet: grabbing orders off buyside blotters before they wend their way into the marketplace. That hasn't sat too well with Liquidnet, which at presstime, cried foul and filed a patent infringement suit against ITG. Liquidnet claims ITG's technology violates its patent. ITG says the suit is without merit. Meanwhile, 20-year-old agency brokerage ITG, long a leader in electronic products for sophisticated money managers, is

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