Investment Technology Group (ITG) Message Board

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Technology Stocks : Investment Technology Group (ITG)

ITG 30.23

0.0%

Feb 28 4:00 PM EST

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To: Charlie Smith who wrote (28)	1/11/1999 1:32:00 AM
From: Beltropolis Boy	of 70

Investment Technology '98 trades up 57 pct January 5, 1999 05:27 PM HOUSTON, Jan 5 (Reuters) - Investment Technology Group Inc. said Tuesday that its POSIT(1) electronic stock crossing system executed a total of 5.8 billion shares in 1998. The number of shares crossed increased 57 percent over 1997, when institutional investors and brokers used POSIT to trade about 3.7 billion shares. POSIT has seen a compound annual growth rate of 55 percent in annual share volume since 1988, the company said. POSIT, the world's largest intraday trade matching system, allows pension funds, money management firms and others to cross stocks electronically. Through its wholly owned broker/dealer subsidiary, ITG Inc., Investment Technology Group Inc. is the leading provider of technology-based equity trading services and transaction research to institutional investors and brokers.

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