Virtu Closes ITG Purchase

Virtu Financial has completed its acquisition of Investment Technology Group, Inc. in a cash transaction valued at $30.30 per ITG share, or a total of approximately $1.0 billion. Upon completion of this acquisition, Virtu will implement a Client Information Security Program (“CISP”) with respect to its broker-neutral client offerings (including, but not limited to, Analytics, Workflow Technology, and Commission Management). As part of this program, Virtu will host Client Information Security Forums, through which the Company will provide information regarding the CISP, receive input from interested clients regarding their information security needs and discuss industry best practices and standards. Douglas Cifu will continue to serve as Virtu’s Chief Executive Officer and Joseph Molluso will continue to serve as Virtu’s Chief Financial Officer. Virtu will supplement its existing management team by incorporating existing ITG management globally; namely Robert Boardman in Europe, Michael Corcoran in the Asia-Pacific region and Etienne Phaneuf in Canada.