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ITG Finds 1-Percent Solution

Electronic Broker Looks for Savings Through Self-Clearing

Traders Magazine, July 2007

Gregory Bresiger

Self-clearing will provide lower trading costs for a big publicly traded agency broker and boost its bottom line. This is what officials of Investment Technology Group (ITG) said as the firm recently implemented a program of self-clearing. ITG will no longer use Jefferies & Co.'s clearing platform.

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