Investment Technology Group Introduces Dark Algorithm in Canada

    TORONTO, October 11 /CNW/ - Investment Technology Group, Inc. (NYSE:  
ITG), a leading provider of technology-based equity trading services and
transaction research, today announced that the ITG Dark Algorithm is now
available for Canadian equities. The ITG Dark Algorithm provides Canadian
dealers and clients trading Canadian stocks with access to Canadian dark
liquidity pools and those trading interlisted stocks with access to both US
and Canadian dark pools without information leakage.

    A client looking to trade large blocks of stock can use the ITG Dark
Algorithm to aggregate multiple alternative liquidity destinations in Canada
and the US, including MATCH Now(SM). Once clients decide which liquidity pools
they want to access, the ITG Dark Algorithm will route their orders,
maximizing executions at the midpoint or better and simplifying the execution
process. In addition, shares sent to the ITG Dark Algorithm are never
displayed in the market.

    "The introduction of the ITG Dark Algorithm for Canadian equities
reflects the ongoing evolution of electronic trading in the Canadian
marketplace," said Nick Thadaney, CEO of ITG Canada Corp. "ITG is focused on
providing clients with sophisticated tools to help them navigate the Canadian
and US marketplaces seamlessly and trade more efficiently."

    The ITG Dark Algorithm in Canada, like the US version, allows users to
dynamically adjust their level of participation, depending on their degree of
urgency. In addition, clients can seamlessly route to ITG's POSIT suite in the

    About Investment Technology Group

    Investment Technology Group, Inc. (NYSE:  ITG), is a specialized agency
brokerage and technology firm that partners with clients globally to provide
innovative solutions spanning the entire investment process. ITG partners with
clients to maximize investment performance. ITG offers innovative technologies
that include pre-trade analytics, portfolio optimization, advanced trade
execution technologies and post-trade evaluation services. ITG Canada Corp. is
an affiliate of Investment Technology Group, Inc. ITG Canada Corp. is a member
of IDA/CIPF. For more information, please visit

    About TriAct Canada Marketplace

    TriAct Canada Marketplace LP (member IDA, CIPF) offers specialized
marketplaces and order execution services to meet the unique needs of the
Canadian securities industry. Operating strictly on a broker-neutral basis,
TriAct facilitates the matching of buyers and sellers, never participating on
an agency or proprietary basis in any trade. TriAct strives to offer better
execution to institutional, proprietary and retail customers alike. MATCH
Now(SM) is a product offering of TriAct Canada Marketplace LP, a wholly-owned
subsidiary of Investment Technology Group, Inc. (NYSE:  ITG). For more
information, please visit

    In addition to historical information, this press release may contain
"forward-looking" statements, as defined in the Private Securities Litigation
Reform Act of 1995, that reflect management's expectations for the future. A
variety of important factors could cause results to differ materially from
such statements. These factors include the company's ability to achieve
expected future levels of sales; the actions of both current and potential new
competitors; rapid changes in technology; financial market volatility; general
economic conditions in the United States and elsewhere; evolving industry
regulation; cash flows into or redemption from equity funds; effects of
inflation; customer trading patterns; and new products and services. These and
other risks are described in greater detail in the company's Annual Report on
Form 10-K for the fiscal year ended December 31, 2006, and other documents
filed with the Securities and Exchange Commission and available on the
company's web site.

For further information:

For further information: For Investment Technology Group, Inc.: Investor
and Media Relations Alicia Curran, 212-444-6130

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