ITG ITG, a leading execution and
research broker, today announced a plan to reduce operating costs in the face
of continued weakness in institutional equity trading volumes. This cost
reduction initiative is designed to improve financial performance while
maintaining ITG's competitiveness and high standards of client service. This
plan stems from a comprehensive review of ITG's various business activities,
benchmarking ITG's cost structure against industry peers. The cost reductions
are primarily focused on headcount, market data and other general and
administrative costs across ITG's businesses.
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