Virtu Financial to Acquire Investment Technology Group

Virtu Financial, Inc. announced that it has entered into a definitive agreement to acquire Investment Technology Group, Inc. which has been unanimously approved by the Board of Directors of ITG and Virtu. This acquisition represents a significant expansion of its agency services, including transparent trading and workflow technology, analytics, and liquidity solutions that all leverage Virtu’s global, scaled technology infrastructure. The transaction is expected to close during the 1st half of 2019 after receipt of ITG shareholder approval, and all required regulatory approvals. Following the close of the transaction, Douglas A. Cifu, Chief Executive Officer of Virtu Financial, will remain CEO of the combined company. Joseph A. Molluso, Virtu’s Chief Financial Officer, will remain the CFO of the combined company.