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A Strong Fourth Quarter And A High-Volume Market Environment lead Amar Mehta of CIBC World Markets to rate ITG a buy.

Investment Technology Group (NYSE: ITG) reported operating EPS of $0.50 for 4Q99 versus $0.39 a year ago, beating our recently revised estimate of $0.43. The better-than-expected quarter was largely due to strong volumes on both the Nasdaq and NYSE, which translated into more volume being transacted by ITG. Given the strong quarter and the current high-volume market environment

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