Investment Technology Group (NYSE:ITG)
November 7th, 2018
With markets going up Investment Technology Group went up $2.30 Wednesday which equals a 8.29% increase, closing at $30.05. Investment Technology Group is expected to release a new earnings report tomorrow. Furthermore it hit a new 52 week high of $30.10. In addition to finishing higher, trading volumes were solid at 2,308% of normal which can indicate investors see opportunities.
ITG outperformed the rest of the Financials sector which went up 1.34% today.
Forecasts from 2 analysts points to the possibility that Investment Technology Group could grow somewhat (6.31%), while Finbox has calculated (with very high uncertainty) a fair value price of $36.29.
Wednesday saw a swing up in all sectors of the market with Consumer Discretionary leading the pack with a 3.12% gain. Information Technology has seen the biggest year-to-date gain at 9.58%. The biggest loss this year has been the Communication Services sector falling 9.50%.
Utilities saw the biggest turnaround from its 5-day performance of -0.05%, as it went up 1.08%.
- Consumer Discretionary went up with a 3.12% change.
- Healthcare went up with a 2.94% change.
- Information Technology went up with a 2.88% change.
- Communication Services went up with a 1.93% change.
- Materials went up with a 1.90% change.
- Industrials went up with a 1.68% change.
- Energy went up with a 1.61% change.
- Financials went up with a 1.34% change.
- Real Estate went up with a 1.14% change.
- Utilities went up with a 1.08% change.
- Consumer Staples went up with a 0.56% change.
Investment Technology Group is based in One Liberty Plaza. was founded in 1987.
Investment Technology Group Info
Investment Technology Group, Inc. operates as a financial technology company in the United States, Canada, Europe, and the Asia Pacific. The company offers various solutions for asset managers and broker-dealers in the areas of execution services, workflow technology, and analytics that provide trade execution services and solutions for portfolio management, as well as pre-trade analytics, and post-trade analytics and processing. The company’s products include POSIT, a point-in-time electronic crossing network for equity orders and price improvement opportunities; algorithms and smart order routers that offers portfolio managers and traders a way to trade orders; and single stock and portfolio trading, as well as derivatives execution and technology services focusing on sell-side clients, professional traders, and select hedge funds. It also provides Execution Management System, which offers execution and analytical tools for global list-based and single-stock trading, futures and options, and a financial services communications network; and Order Management System that combines portfolio management and compliance functionality. In addition, the company provides ITG Net, a financial communications network; RFQ-hub, a multi-asset platform for financial instruments; Single Ticket Clearing, a broker-neutral operational service; and Commission Manager, a Web-based commission management portal. Further, it offers Trading Analytics, which enables portfolio managers and traders to enhance execution performance through trading analytics and risk models; and Portfolio Analytics that assists asset managers with portfolio decision-making tasks from portfolio construction and optimization. Additionally, the company provides software development and maintenance services; and workflow technology solutions and network connectivity services for the financial community. Investment Technology Group, Inc. was founded in 1983 and is headquartered in New York, New York.
All amounts in USD unless otherwise indicated
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