ITG Selling Research Unit as Third-Quarter Revenue Falls 11%

Updated on
  • Company's sales declined to $120 million in the third quarter
  • Warburg Pincus agrees to buy its energy research group

Investment Technology Group Inc., struggling to recover after paying a record penalty to regulators and replacing its chief executive officer, announced it had found a buyer for its Calgary-based research group as it reported a drop in revenue and profit in the latest quarter.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.