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Revision History For: Investment Technology Group (ITG)

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ITG runs the POSIT electronic trading system - its showing solid revenue growth and should earn $1.20 in 1996 and $1.40 in 1997, but only trades at $17-$18 - the company has historically only targeted institutional investors,particularly index funds, but is now offering its system thru a retail brokerage - it oculd open up an exciting new play in electronic trading - hardly any Wall street firms follow ITGI because its float is small - Jeffries and Company actually owns 80% of the comapny - does anyone els know it or have any insights into its low P/E multiple??