(August 4 – 10:40 ET) – The Investment Dealers Association’s latest member is yet another alternative trading system.

ITG Canada Corp. joins the IDA, effective Aug. 2. The firm is wholly owned by ITG Global Trading Inc., which is in turn owned by Investment Technology Group Inc. of Delaware.

In the U.S., ITG offers assorted equity trading analysis services and runs ITG POSIT, an anonymous order-matching service that offers seven
confidential trading sessions through the day. Versus Brokerage Services offers a similar service in Canada, known as Lynxx.

ITG was launched in 1986 to offer cost-effective and anonymous technology-driven agency trading. Based in New York, it now also has offices in Boston, Los Angeles, Tel Aviv and Toronto. ITG affiliates maintain ofices in London, Dublin (ITG Europe, a joint venture with Societe Generale) as well as Sydney and Melbourne (ITG Australia).

Last month, the Canadian Securities Administrators released the latest
proposed rules for ATS, which should eventually see them integrated into the Canadian market system.

-IE Staff