ITG Investor Presentation

1. Decisions at the Speed of Change 1/2012
ITG Investor Overview
February 2016
© 2016 Investment Technology Group, Inc. All rights reserved.
Not to be reproduced or retransmitted without permission. Compliance #021216-28225

2. SubtitleSubtitle
Investment Highlights
2
International Growth Opportunities
• ITG has achieved product parity with the
U.S. in Europe, Canada and Asia Pacific
• Positive trends: unbundling of research
from execution and growing
electronification of trading
• Europe set new market share record in
4Q15
Robust Balance Sheet
Competitive Platform
Strong Operating Leverage Potential
• Operating model and disciplined expense
management provide attractive
opportunities for increased profitability
• Pre-tax margins on incremental revenue
range from approximately 40% to 50%
depending on operating region
• Unique, market-leading execution, liquidity,
platform and analytical assets. Technology
is being applied to new asset classes (FX,
Fixed Income) and to gain market share in
underpenetrated hedge fund segment
• ITG consistently ranks near the top of
industry analyst surveys (Greenwich, Tabb,
Aite) for products and client service
• Total cash and equivalents of $331
million and $110 million of excess cash
as of December 31, 2015
• Only $13 million in long-term debt
• Active share buyback program: $231
million in repurchases since 1Q10 have
reduced share count, net of issuances,
by more than 24%
• $0.07 quarterly dividend paid since
2Q15.

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Global Product Groups
3
PLATFORMS
Triton®
broker-
neutral
execution
management
ITG Order
Management
System and
ITG Position
Manager™ for
Hedge Funds
ITG Net
FIX
connectivity
to 650+
destination
ITG RFQ-hub
for OTC
connectivity
and trading
ELECTRONIC
BROKERAGE
POSIT® dark
crossing in 36
countries
ITG
Algorithms®
in 40
countries
ITG Smart
Routing
POSIT® FI and
POSIT FX in
beta
ANALYTICS
ITG TCA® is
the global
market leader
Available for
equities and
foreign
exchange
Pre-, real-,
and post-time
trade
analytics
RESEARCH
Data-driven
research in
Consumer
and TMT
sectors
Energy
research
under license
from RS
Energy
High Touch
and Portfolio
Trading
Corporate
Access
services
94
46
269
117
Platforms Analytics Electronic Brokerage Research S&T
2015 Adjusted Revenues ($MM)
*Excludes energy research business sale in late Dec. 2015

4. Subtitle
ITG Value Proposition:
Comprehensive Tools for Alpha Generation
and Preservation
4

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Global Presence,
Local Expertise
• 1,037 employees worldwide
• 14 offices in 9 countries
• 9 trading desks
• 250 awards over last 6 years across
Electronic Brokerage, Analytics, and
Platforms
5

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International Opportunities
Europe
• Ranked #1 among large firms polled by
Greenwich Associates in Europe for best
anonymity in a dark pool
• POSIT had over 14% share of European
dark trading in 2015, a new record
• Full suite of ITG products now available
in Europe; Algo trading and POSIT
access in 21 EMEA markets
Canada
• Top 10 institutional broker by market share
• Ranked #1 by Greenwich in electronic
trading, portfolio trading and algorithms
• Operates MATCH NowSM broker neutral
crossing system, Canada’s largest dark pool
• Leading Canadian CSA broker; ranked #1
by Greenwich
Growing Segment
• 2015 Revenue for Europe, Asia Pacific
and Canada comprised 46% of total
revenues and 59% of pre-tax income
Asia
• New product offerings, secular shift
towards electronic trading
• POSIT crossing available in HK,
Australia, Japan, India, Taiwan, Malaysia,
Indonesia Singapore and the
Philippines.
• Named Best Agency Broker by Asian
Investor
• Move towards unbundling trading gaining
traction with TCA research and CSAs
• Electronic trading 28%+ of Asia Pacific
equity trading, according to Greenwich

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ITG at a Glance
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• Solid balance sheet, strong cash flow
generation, active buyback program
and quarterly dividend.
• Unique, market-leading assets for
execution, liquidity, platforms and
analytics
• Solid international platform with
significant growth opportunities
• Disciplined expense management
increases operating leverage: 40-50%
pre-tax margins on incremental
revenue

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Appendices:
Product Offerings

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Second Quarter 2012 Earnings 1/2012 8
Electronic Brokerage
Featuring: ITG Algorithms
POSIT
Large pool of accessible dark liquidity.
Average US Daily Volume of 75m shares in 2015
ITG Algorithms
Sophisticated strategies for equities and futures
ITG Smart Routing
One-point high-speed connection to liquidity
ITG Net
Global FIX connectivity with trading insights
ITG Trading Services
Global expertise across asset classes
Featuring: POSIT Alert
• High-quality block crossing
opportunities with average US trade size
(ex-algo) of 30,000+ shares.
• POSIT Alert available in 36 countries
• Ranked #1 for Dark Pool Access by The
Trade
• #1 for Best Anonymity in a Dark Pool,
Greenwich Associates
• Algo trading available in 40 countries. Offer
algorithms for equities, futures and options
• ITG Dynamic Open named best algo by
Wall Street Letter

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Featuring: Triton
Platforms
Featuring: ITG Net ®
• FIX connectivity and management to more
than 650 global destinations.
• Industry-leading tools for pre-, intra-day,
and post-trade cost estimating.
• Execution transparency to evaluate trading
and broker performance against the market
and your peers
• Sophisticated, broker-neutral EMS with
global connectivity, aligned to clients’ interests
and trading styles.
• Alternative Trading System of the Year, Asian Banker,
ITG Execution Management
Systems
Global, broker-neutral and multi-asset EMSs
ITG Order Management Systems
ITG OMS: Global, multi-asset enterprise OMS
ITG Position Manager: Dedicated Hedge Fund OMS
ITG Net
Providing EMS and OMS FIX connectivity with
approximately 9,000 global connections.
ITG RFQ-hub
Multi-asset platform for global listed and OTC assets.

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Analytics
Featuring: ITG TCA®
• The leader in assessing trading
performance to reduce costs and
improve fund rankings. Includes competitive
comparisons through ITG Peer Analysis™.
• Named Top TCA provider by Waters and The Trade
ITG Trading Analytics
Alpha preservation throughout the trading process
ITG Portfolio Analytics
Portfolio modeling, optimization, and pricing
ITG Analytics Services
Investment process consulting to improve execution
Dynamic, interactive tool set to view real-time
market data, identify outliers, and forecast
long-term costs to improve performance during
a trade’s lifecycle.
Featuring: ITG Smart Trading Analytics

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Featuring:
ITG Investment Research
ITG Industry Investment
Research
Data-driven insights on more than 300 companies
in 20+ sectors in Consumer, Internet and TMT
areas. Energy research under license from RS
Energy Group
ITG High Touch and Portfolio
Trading
High touch traders provide expert execution
coupled with ITG Investment Research insights.
Seasoned portfolio traders provide high-touch and
electronic list trading globally.
ITG Corporate Access
Experienced team offers individual and group
events with corporate decision makers at
companies across a range of industries.
• Exclusive data provider relationships
• Groundbreaking, proprietary methods
for analyzing massive amounts of data
• Highly skilled, quantitative research
followed by seasoned, expert analysis
• Data-driven economic notes and macro
reports
Research, Sales & Trading

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Disclaimers
•These materials are for informational purposes only, and are not intended to be used for trading or investment purposes or as an offer
to sell or the solicitation of an offer to buy any security or financial product. The information contained herein has been taken from
trade and statistical services and other sources we deem reliable but we do not represent that such information is accurate or
complete and it should not be relied upon as such. No guarantee or warranty is made as to the reasonableness of the assumptions or
the accuracy of the models or market data used by ITG or the actual results that may be achieved. These materials do not provide
any form of advice (investment, tax or legal). ITG Inc. is not a registered investment adviser and does not provide investment advice
or recommendations to buy or sell securities, to hire any investment adviser or to pursue any investment or trading strategy. All
functionality described herein is subject to change without notice.
•Broker-dealer products and services are offered by: in the U.S., ITG Inc., member FINRA, SIPC; in Canada, ITG Canada Corp.,
member Canadian Investor Protection Fund (“CIPF”) and Investment Industry Regulatory Organization of Canada (“IIROC”); in
Europe, Investment Technology Group Limited, registered in Ireland No. 283940 (“ITGL”) and/or Investment Technology Group
Europe Limited, registered in Ireland No. 283939 (“ITGEL”) (the registered office of ITGL and ITGEL is First Floor, Block A, Georges
Quay, Dublin 2, Ireland and ITGL is a member of the London Stock Exchange, Euronext and Deutsche Börse). ITGL and ITGEL are
authorised and regulated by the Central Bank of Ireland; in Asia, ITG Hong Kong Limited (SFC License No. AHD810), ITG Singapore
Pte Limited (CMS Licence No. 100138-1), and ITG Australia Limited (AFS License No. 219582). All of the above entities are
subsidiaries of Investment Technology Group, Inc. MATCH NowSM is a product offering of TriAct Canada Marketplace LP (“TriAct”),
member CIPF and IIROC. TriAct is a wholly owned subsidiary of ITG Canada Corp.
13Disclaimers