Investment Technology Group (NYSE: ITG), a leading agency broker and financial technology firm, today announced a strategic investment in Disclosure Insight, Inc., a provider of independent research and due diligence to the institutional investment community.
Disclosure Insight assesses risk at publicly traded companies. Its' core product, a D.I. Report, saves investors valuable time by summarizing 100 different risk factors found over a 5 year period. This report includes: undisclosed SEC activity; accounting/auditor problems; unusual capital markets events; and stability of the board and executive suite.
As part of the investment, ITG will be the exclusive distribution channel to large institutional investors for Disclosure Insight research. Disclosure Insight's research content will complement ITG's existing decision support and research tools for institutional investors, including economic forecasts and groundbreaking work on transaction cost analysis and portfolio optimization.
"Our partnership with Disclosure Insight enables us to provide additional value-added content to our clients," said Bob Gasser, CEO and President of ITG. "This unique research offering bolsters ITG's commitment to our clients throughout their investment process, from research and decision support to superior execution and post-trade analytics. Their product is consistent with ITG's historical research focus on providing unique insight grounded in rigorous analysis."
John P. Gavin, CEO of Disclosure Insight, said, "Our partnership with Investment Technology Group, the leading global independent agency broker, gives us everything we wanted in a strategic partner. With ITG we get the capital needed to rapidly expand our library of companies under coverage, the benefit of ITG's deep relationships within the global institutional investment community, and the comfort in knowing our partner is free of the conflicts that can compromise analytical integrity."