Virtu Weighing up Investment Technology Group Acquisition

[kreslik.news]

Shares in the Investment Technology Group (ITG) surged by over 20 percent on Thursday after reports suggested Virtu,a high-frequency trading (HFT) firm, has plans to acquire it. At close of trading on Thursday, ITG shares were trading at $27.64 – their highest levels since April 2015.

Based in New York, ITG is a multinational agency brokerage and financial markets technology company. Alongside a number of trading products, including equities, derivatives and options, it operates its own private trading platform or ‘dark pool’.

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According to a Bloomberg report, Virtu has sought the help of ... (read more)