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Last €14.27 EUR
Change Today +0.167 / 1.18%
Volume 0.0
As of 3:38 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

investment technology group (IVY) Snapshot

Open
€14.28
Previous Close
€14.10
Day High
€14.42
Day Low
€14.14
52 Week High
04/23/15 - €29.43
52 Week Low
10/15/14 - €11.53
Market Cap
484.5M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
34.0M
EX-Date
08/19/15
P/E TM
--
Dividend
€0.28
Dividend Yield
0.87%
Current Stock Chart for INVESTMENT TECHNOLOGY GROUP (IVY)

investment technology group (IVY) Details

Investment Technology Group, Inc. operates as an independent execution and research broker in the United States, Canada, Europe, and the Asia Pacific regions. It offers trade execution services and solutions for portfolio management, investment research, pre-trade analytics, and post-trade analytics and processing. The company provides ITG Algorithms and ITG Smart Router that offers portfolio managers and traders to trade orders; POSIT for continuous and scheduled crossing of non-displayed equity orders and price improvement opportunities; ITG Derivatives for electronic listed futures and options trading, including algorithmic trading and direct market access; ITG Commission Manager, a Web-based commission management portal; and securities lending services. It also offers Execution Management System, which provides multi-asset trading opportunities; Order Management System that combines portfolio management, compliance functionality, and a financial services communications network; ITG Net, a financial communications network that provides connectivity between buy-side and sell-side firms for multi-asset order routing and indication-of-interest messages; and ITG Single Ticket Clearing, a broker-neutral operational service. In addition, the company provides ITG RFQ-hub, a multi-asset platform for global-listed and over-the-counter financial instruments; ITG Trading Analytics, which enhances execution performance before the trade happens and during trading by providing reliable trading analytics and risk models; and ITG Portfolio Analytics that assists asset managers with portfolio decision-making tasks from portfolio construction and optimization. Further, it offers institutional broker-dealer services; data-driven investment research; and trade order and execution management technology and network connectivity services. Investment Technology Group, Inc. was founded in 1983 and is headquartered in New York, New York.

1,087 Employees
Last Reported Date: 03/13/15
Founded in 1983

investment technology group (IVY) Top Compensated Officers

President and Executive Director
Total Annual Compensation: $750.0K
Chief Financial Officer and Managing Director
Total Annual Compensation: $1.0M
Managing Director and Chief Executive Officer...
Total Annual Compensation: $1.2M
Head of Analytics and Managing Director
Total Annual Compensation: $500.0K
Managing Director and Head of U.S. Electronic...
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2014.

investment technology group (IVY) Key Developments

Wites & Kapetan, P.A. and Kaplan Fox & Kilsheimer LLP File Class Action Suit Against Investment Technology Group, Inc

Wites & Kapetan, P.A. and Kaplan Fox & Kilsheimer LLP have filed a class action suit against Investment Technology Group Inc. and certain of its executives, that alleges violations of the Securities Exchange Act of 1934 on behalf of purchasers of ITG common stock during the period February 28, 2011 through August 3, 2015, inclusive. The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements to investors concerning the company’s POSIT network, an Alternative Trading System or dark pool. The Complaint alleges that, throughout the Class Period, ITG held itself out as an agency-only and conflict-free broker, and represented that POSIT safeguarded client trading data, but omitted to disclose: (1) that, as detailed in the SEC Settlement Order, between April 2010 through July 2011, the company operated a proprietary trading pilot called Project Omega within the company’s AlterNet subsidiary that involved crossing against sell-side clients in POSIT and violations of the company’s policies and procedures by Mittal, a former ITG Managing Director, Head of Algorithmic Trading, and Head of Liquidity Management; (2) that Mittal, while head of Project Omega, along with numerous other employees, accessed private client data within the company while simultaneously operating a proprietary trading strategy, a clear conflict of interest; (3) that this conduct violated Regulation ATS; and (4) that the company was under investigation for this conduct by the SEC by Fall 2013, and faced an enforcement action by May 2015, which threatened major fines and legal costs as well as reputational harm to the Company and loss of customers.

ITG Completes Settlement with Securities and Exchange Commission

ITG announced that it has reached a final settlement with the Securities and Exchange Commission in connection with a proprietary trading pilot program that operated for 16 months in 2010 through mid-2011. The settlement is focused on ITG’s customer disclosures, Form ATS regulatory filing violations, and customer information controls that related to the pilot program’s trading activity, which included crossing against sell-side clients in the company’s POSIT system, and violations of ITG’s policy and procedures by a former employee. These violations principally involved information breaches for a period of several months in 2010 regarding sell-side parent orders flowing into ITG’s algorithms and executions by all customers in non-POSIT markets that were not otherwise available to ITG clients. According to the terms of the settlement, ITG will pay disgorgement of $2,081,304, prejudgment interest of $256,532, and a civil penalty of $18,000,000.

Goldberg Law PC Announces Securities Class Action Lawsuit Against Investment Technology Group

Goldberg Law PC announced that a class action lawsuit has been filed in the United States District Court for the Central District of California against Investment Technology Group Inc. for alleged violations of the federal securities laws. Investors who purchased or otherwise acquired shares between February 28, 2011 and July 29, 2015, inclusive, have until October 5, 2015 to serve as lead plaintiff in the class action.

 

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Industry Analysis

IVY

Industry Average

Valuation IVY Industry Range
Price/Earnings 18.7x
Price/Sales 1.0x
Price/Book 1.4x
Price/Cash Flow 17.8x
TEV/Sales NM Not Meaningful
 | 

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