Handler’s Leucadia to Buy ITG Investment Research in Data Push

ITG sold the unit for a reported $12 million - far less than the $20 million fine it paid for the activities of its illegal trading desk.

Richard Handlers Leucadia National Corp., the parent of Jefferies Group, agreed to acquire ITG Investment Research to add offerings of data analytics to institutional, corporate, private equity and venture capital clients.

Leucadia will buy the unit from Investment Technology Group Inc. for $12 million in cash, the seller said Tuesday in a statement distributed by Globe Newswire.