Business boom for ITG in Europe

Investment Technology Group (ITG) has announced a 31% rise in its European revenue during the first six months of 2007 compared with the same period last year. The agency brokerage and technology firm generated £16.2 million in Q1 and Q2 this year, up from £12.4 million in 2006. The company says these figures represent record growth for ITG in Europe and can be attributed to its expanding algorithms and crossing networks. ITG's European trading desk has also achieved record daily revenues, w