LONDON, Oct. 8, 2012 /PRNewswire/ -- ITG (NYSE: ITG), a leading execution and research broker, today announced that ITG TCA^®, was named the best transaction cost analysis product/service at the 10th Annual Financial News Awards for Excellence in Trading & Technology.  The awards celebrate the achievements of firms across the spectrum of trading and technology in the European financial markets.  ITG TCA was selected by an independent panel of 50 industry veterans and experts.

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"This award reinforces ITG's position as the industry's leading transaction cost analysis platform," said Rob Boardman, Chief Executive Officer of ITG Europe.  "It recognizes the unparalleled depth of our data, the robust nature of our analytical capabilities as well as the strong relationships we have cultivated with our TCA clients." 

ITG TCA is the most widely used transaction cost analysis tool for equities among institutional investors worldwide, according to Greenwich Associates.[1]  ITG TCA assesses trading performance and implicit costs under a variety of market conditions, enabling traders and portfolio managers to adjust strategies, reduce costs, boost performance and potentially improve fund rankings.  ITG also offers ITG TCA^® for FX, with the broadest set of data sources available in the foreign exchange market. For more information about ITG TCA and its multi-asset capabilities, please contact info@itg.com.

About ITG

ITG is an independent execution and research broker that partners with global portfolio managers and traders to provide unique data-driven insights throughout the investment process. From investment decision through settlement, ITG helps clients understand market trends, improve performance, mitigate risk and navigate increasingly complex markets. ITG is headquartered in New York with offices in North America, Europe, and Asia Pacific. For more information, please visit www.itg.com.

[1] ITG TCA is used by 56% of institutions surveyed according to TCA: Ranking and Assessing the Major Providers (Greenwich Associates, August 2011)

ITG Media/Investor Contact:

J.T. Farley
(212) 444-6259
corpcomm@itg.com

SOURCE ITG