Investment Technology Group, Inc. (“ITG”) (NYSE: ITG), a leading provider of technology-based equity trading services and transaction research, today announced that it has entered into a definitive agreement to acquire privately-held Macgregor, a leading provider of trade order management technology for the global financial community. The all cash acquisition is valued at approximately $230 million and will be accretive in the first quarter of 2006.

INFO SOURCES

FT Partners

FIRMS

Investment Technology Group, Inc. (NYSE:ITG) is headquartered in New York with offices in Boston, Los Angeles, Dublin, Hong Kong, London, Melbourne, Sydney, Tel Aviv and Toronto. As a leading provider of technology-based equity-trading services and transaction research to institutional investors and brokers, ITG helps clients to access liquidity, execute trades more efficiently, and make better trading decisions. ITG generates superior trading results for its clients through three lines of business. POSIT(R), the world's largest equity matching system, allows clients to trade confidentially. The Electronic Trading Desk is recognized as one of the leading program trading operations in the U.S. ITG's leading-edge Client Site Trading Products allow users to implement their own trading strategies by providing direct electronic access to most sources of market liquidity.

Founded in 1991, Macgregor® has set the standard in execution process technology for the global financial community with the Macgregor XIP™ Order Management Network™ (OMN™). XIP combines powerful portfolio management, compliance, trading and post-trade applications with a fully integrated and supported financial services IP network. By connecting all internal systems and external parties involved, XIP enables buy-side firms to execute their investment decisions with unprecedented speed, accuracy and efficiency resulting in improved investment performance. For sell-side firms, custodians and other service providers, XIP provides a unique mechanism for quickly and efficiently delivering services to our buy-side users' desktops. With offices in Boston, New York, London and Madrid, Macgregor helps nearly 400 firms experience the unique efficiencies and power that can only be achieved through a large, diverse and well-connected community of users.

FT Partners is the only investment banking firm focused exclusively on providing strategic and financial advisory services to CEOs in the dynamic financial services and technology sector. Mr. McLaughlin formerly was a senior investment banker in Goldman, Sachs & Co.'s Financial Technology Group and was the senior investment banker in the Financial Institutions Group in San Francisco before leaving the firm to form FT Partners. FT Partners is comprised of a team of experienced investment bankers formerly with the financial technology, M&A and investment banking groups of Goldman Sachs, Credit Suisse First Boston, and J.P. Morgan. FT Partners was recently selected by The M&A Advisor as "Investment Banking Firm of the Year" for 2004. The firm offers CEO-level services, including mergers and acquisitions advisory, IPO advisory, refinancing, recapitalization and private capital raising. FT Partners was founded by Mr. McLaughlin in late 2001 and is based in San Francisco. Steven J. McLaughlin is a registered representative of FTP Securities, a wholly owned affiliate of Financial Technology Partners LLC which is a NASD broker-dealer. Any securities related transactions contemplated by or acted upon hereunder are conducted solely by Mr. McLaughlin in this capacity.

ADVISORS

Financial Technology Partners, LLC, and FTP Securities, LLC, served as exclusive strategic advisors to ITG during this transaction. Wachtell, Lipton, Rosen, & Katz acted as ITG’s outside legal counsel. Bear, Stearns & Co. Inc. served as exclusive strategic advisors to Macgregor during this transaction. Mintz Levin acted as Macgregor’s outside legal counsel.