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ITG adds Butler and Corcoran to Asia Pacific sales and trading team

14 May 2007  |  1553 views  |  0 Source: Investment Technology Group

Investment Technology Group (NYSE: ITG), a leading provider of technology-based trading services and transaction research, today announced the appointment of two senior management roles to support the significant growth of its electronic trading and brokerage activities in Asia Pacific.

Gabriel Butler and Michael Corcoran have been appointed as Directors of Sales and Trading in Hong Kong and Sydney respectively. Both join from senior roles within the business.

Butler was Senior Vice President of algorithmic trading in the US and has worked at ITG for over five years. Corcoran moves to Sydney from the Hong Kong office. He also has over five years of experience with ITG and previously worked as Head of Sales and Trading at BBY in Australia.

ITG is building on its international success to lead the growth of electronic trading across Asia. The company uses advanced technology to improve trading efficiency and cut costs for the buyside. As trading becomes increasingly automated across Asia Pacific, ITG is expanding its offering to include a broader range of technology-based tools. These include improved crossing (anonymous matching of buy and sell orders to reduce cost) via the POSIT suite of products, algorithmic trading and analysis of transaction costs.

Alasdair Haynes, Chief Executive Officer of ITG's international operations said: "I'm delighted that Gabe and Michael have joined the Hong Kong and Sydney offices to lead us through our next stage of growth. Fund managers in Australia and Asia are facing the same problems as fund managers elsewhere in the world: high trading costs can affect the overall performance of funds. The Asian region is highly complex, and each market has its own challenges. For fund managers trading across the region, advanced technology can unite the differences between markets and help reduce costs. I look forward to continuing to grow our Hong Kong and Australian offices as we introduce a wider range of intelligent trading tools over the coming year".

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