Cost Reductions Expected to Lower Annual Expenses by more than $20 million ITG also Announces Non-cash Goodwill Impairment Charge and Provides Preliminary Second Quarter 2011 Earnings Guidance NEW YORK, July 12, 2011 /PRNewswire via COMTEX/ --Investment Technology Group, Inc. (NYSE: ITG), a leading agency research broker and financial technology firm, today announced a cost reduction plan to improve margins and enhance shareholder returns in the face of continued weakness in institutional equity trading volumes in the U.S. and Europe. The cost reduction plan is primarily focused on employment, consulting, and infrastructure costs in the U.S. and Europe. This plan is expected to gener...
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