Macgregor acquisition leaves analysts guessing

MERGERS & ACQUISITIONS | ITG'S ACQUISITION REMINISCENT OF GOLDMAN'S EZE CASTLE INTEREST

BOSTON–Investment Technology Group's (ITG) $230 million purchase of Macgregor will yield a new platform integrating order management and execution capabilities designed to woo institutional and hedge fund clients, although analysts are not convinced of the merits of an OMS vendor 'getting into bed' with a broker.

Gavin Little-Gill, senior analyst at financial consultancy TowerGroup, sees the July 13 ITG acquisition as both interesting and potentially dangerous. "We saw an infusion of cash (

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