NEW YORK, May 31, 2012 /PRNewswire/ -- ITG (NYSE: ITG), a leading independent execution and research broker, today announced the acquisition of 21 U.S. patents and corresponding foreign patents and patent applications from Aritas Group, Inc., formerly known as Pipeline Trading Systems. This deal does not include any of the software, non-patent assets or personnel of Aritas Group or any of its affiliated businesses. Terms of the deal, which closed on May 30th, were not disclosed.
The Aritas patents address a broad array of services and products, including block trading, crossing networks, front-end trading systems, and more. The acquisition complements ITG's own robust portfolio, bringing its total to 48 U.S. patents, with numerous applications pending.
"This acquisition enhances our existing patent portfolio and further protects our competitive position," said ITG's CEO and President, Bob Gasser. "ITG's broad base of intellectual capital, including our patents, underscores our leadership role in the continued evolution of electronic trading."About ITGITG is an independent research and execution broker that partners with global portfolio managers and traders to provide unique data-driven insights throughout the investment process. From investment decision through settlement, ITG helps clients understand market trends, improve performance, mitigate risk and navigate increasingly complex markets. ITG is headquartered in New York with offices in North America, Europe, and Asia Pacific. For more information, please visit www.itg.com. Media/Investor Contact: J.T. Farley(212) 444-6259 email@example.com SOURCE ITG