investment technology group (ITG) Key Developments
Investment Technology Group Inc. Announces Amendments to Amended and Restated By-Laws
Nov 19 14
On November 14, 2014, the Board of Directors of Investment Technology Group Inc., upon the recommendation of the Board's Nominating and Corporate Governance Committee, approved a number of amendments to the Amended and Restated By-laws of the Company. The By-laws have been amended and restated to effect these amendments. The amendments are primarily intended to update certain provisions of the By-laws to account for changes in Delaware law since the By-laws were last revised, to clarify certain procedural matters relating to stockholder and Board meetings and director indemnification, and to enhance the information that is made available to the Board and stockholders in connection with stockholder-proposed business and director nomination.
Investment Technology Group Inc. Presents at KBW 2014 Securities Brokerage & Market Structure Conference, Nov-19-2014 01:45 PM
Nov 14 14
Investment Technology Group Inc. Presents at KBW 2014 Securities Brokerage & Market Structure Conference, Nov-19-2014 01:45 PM. Venue: Mandarin Oriental, New York, New York, United States.
Investment Technology Group Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 3 14
Investment Technology Group Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company has posted total revenues of $134,773,000 against $127,558,000 a year ago. Income before income tax expense was $12,078,000 against $10,690,000 a year ago. Net income was $11,365,000 or $0.32 diluted per share against $7,715,000 or $0.20 diluted per share a year ago. Adjusted net income was $11,365,000 against $7,715,000 a year ago. An annualized return on average equity of 10.8%, compared with 7.6% in the third quarter of 2013.
For the nine months, the company has posted total revenues of $410,848,000 against $398,901,000 a year ago. Income before income tax expense was $47,186,000 against $32,412,000 a year ago. Net income was $37,911,000 or $1.04 diluted per share against $21,423,000 or $0.56 diluted per share a year ago. Adjusted net income was $37,911,000 against $27,421,000 a year ago. On a year-to-date basis, annualized return on average equity is 12.1% compared to 6.9% for the nine months ended September 30, 2013.
ITG Announces Triton Integration with FX Connect
Oct 30 14
ITG and FX Connect (R), State Street Global Exchange's end-to-end, multi-bank foreign exchange platform announced that the ITG Triton(R) execution management system will be integrated with the FX Connect foreign exchange platform. Starting in the first quarter of 2015, institutional investors will be able to use the Triton multi-asset, broker-neutral EMS to access FX Connect, which provides foreign exchange liquidity from more than 50 providers for spot, forward and swap transactions, as well as live interactive pricing and netting capability across multiple funds and currencies.
ITG Provides Earnings Guidance for the Third Quarter of 2014
Oct 15 14
ITG announced that it expects earnings for the third quarter of 2014 to be in the range of $0.31 to $0.33 per diluted share, including a net income tax benefit of $2.4 million, or $0.07 per diluted share, from resolving a contingency in the U.S. This compares to third quarter 2013 earnings of $0.20 per diluted share.