SubtitleSubtitle

Second Quarter 2012 Earnings 1/2012© 2014 Investment Technology Group, Inc. All rights reservedNot to be reproduced or retransmitted without permission. #021014-28382

ITGInvestorOverviewFebruary 2014February 2014

SubtitleSubtitleInsights Grounded in Data

2

We believe that performance improvement and risk management must occur throughout the investment process and be grounded in fact.

SubtitleSubtitle

3

ITG is Unique

ITG removes bias, guesswork, self-interest, and piecemeal solutions from the investing continuum. We are a multi-asset, self-directed institutional execution and research broker, where the needs of clients come first.

SubtitleSubtitleInvestment Highlights

4

International Growth

ITG has achieved product parity in its three international operating regions (Europe, Canada and Asia Pacific)

• In 2013 International comprised 40% of total revenues and 65% of ITG net income.

Robust Balance Sheet

Unique Assets

Data-driven Research

Data-driven equity research on more than 350 companies in over 20 industries.

Dedicated sector traders and sales specialists in energy, consumer and TMT sectors.

Ownership of unique, market-leading trading assets. Expanding our platform globally to better serve clients.

• POSIT® – block crossing opportunities

• Triton® – global broker-neutral execution management

• ITG TCA® – multi-asset trading cost analysis

• Cash and equivalents of $262 million as of December 31, 2013

• Only $30.3 million in long-term debt

• Active share buyback program funded by free cash flow: $140.8 million in repurchases since 1Q10 have reduced share count by more than 17%.

SubtitleSubtitleU.S. Macro Environment: Difficult But Improving Fund flows for U.S. active managers2010-2013, $Billions

5

Source: Investment Company Institute

-70.00

-50.00

-30.00

-10.00

10.00

30.00

Jan-

10F

eb-1

0M

ar-1

0A

pr-

10M

ay-1

0Ju

n-10

Jul-1

0A

ug-1

0S

ep-1

0O

ct-1

0N

ov-

10D

ec-1

0Ja

n-11

Feb

-11

Mar

-11

Ap

r-11

May

-11

Jun-

11Ju

l-11

Aug

-11

Sep

-11

Oct

-11

No

v-11

Dec

-11

Jan-

12F

eb-1

2M

ar-1

2A

pr-

12M

ay-1

2Ju

n-12

Jul-1

2A

ug-1

2S

ep-1

2O

ct-1

2N

ov-

12D

ec-1

2Ja

n-13

Feb

-13

Mar

-13

Ap

r-13

May

-13

Jun-

13Ju

l-13

Aug

-13

Sep

-13

Oct

-13

No

v-13

Dec

-13

International Equity U.S. Equity Total Bond

SubtitleSubtitle

7

International ResultsEuropean Market Share Gains Driving Growth

$18,036$18,544

$20,105

$17,575$18,770

$16,854

$20,950$21,794

$22,663

$26,385

$9,570

$11,313

$12,793

$10,477$11,396

$2,522$2,576

$3,447 $2,749

$2,321$1,789

$3,501$4,358

$4,115

$7,670

-$1,793 -$865 -$405 -$652 -$256

-$5,000

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

4Q 12 1Q 13 2Q 13 3Q 13 4Q 13

Canada Revenue

Europe Revenue

Asia Pac Revenue

Canada Pre-tax

Europe Pre-tax

Asia Pac Pre-tax

SubtitleSubtitleUnique, Market-Leading Assets

7

Execution Management Platforms

• ITG’s Triton® is the #1 EMS in the Greenwich US electronic trading survey and #1 in Tabb Associates US Institutional Equities survey

• In addition to liquidity management, the EMS is key to gaining share by controlling orders via the trader’s desktop

Transaction Cost Analysis

• Market leader: 52% global share according to Greenwich Associates

• Increased importance as traders turn to analytics to save on execution costs

• Offer TCA research directed at portfolio managers, also TCA for foreign exchange

Crossing and Liquidity

• Industry leader since 1987; unique institutional block liquidity provider

• POSIT Alert® now available in 30 countries in the Americas, Europe, and Asia Pacific

• POSIT Match™ offers US block liquidity crossing daily at 9:45 ET.

Algorithmic Trading

• ITG Algorithms® #1 in market share by Tabb Group and #1 in speed and price improvement by The Trade News

• Algorithmic trading available in 40 countries; Algos available for equities, futures, and options

• ITG Dynamic Open named best algorithm by Wall Street Letter

SubtitleSubtitle

8

International Opportunities

Europe

• Ranked #1 among large firms polled by Greenwich Associates in Europe for best anonymity in a dark pool

• POSIT had over 12% share of European dark trading in 4Q 2013

• 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

• International operations comprised 40% of total revenues and 65% of net income in 2013

Asia

• New product offerings, secular shift towards electronic trading

• POSIT Marketplace launched in HK, Australia, Japan, Malaysia, Indonesia and Singapore.

• Named Best Agency Broker by Asian Investor

• Move towards unbundling trading gaining traction with TCA research and CSAs

• Electronic trading 25%+ of Asia Pacific equity trading, according to Greenwich

SubtitleSubtitleITG at a Glance

9

• Solid balance sheet, strong cash flow generation and active buyback program

• Differentiated research expands ITG’s addressable market

• Unique, market-leading assets for execution and trade analysis

• Solid international platform with significant growth opportunities

• Disciplined expense management improves margins and increases operating leverage

SubtitleSubtitle

Second Quarter 2012 Earnings 1/2012Q4 2013 Earnings 1/30/14

Appendices: Research

10

SubtitleSubtitle

11

Featuring:

ITG Industry Investment Research

ITG Investment Research

ITG Industry Investment ResearchData-driven insights on industries and companies

ITG Economic ResearchData-driven economic notes and macro reports

• Exclusive data provider relationships • Groundbreaking, proprietary methods

for analyzing massive amounts of data• Highly skilled, quantitative research

followed by seasoned, expert analysis• Unique alpha-generating insights into

more than 350 companies in 20 sectors

SubtitleSubtitle

Second Quarter 2012 Earnings 1/2012Q4 2013 Earnings 1/30/14

Appendices:Liquidity

12

SubtitleSubtitle

Second Quarter 2012 Earnings 1/2012 15

Electronic Brokerage

Featuring: ITG High Touch Trading Services

We put your trading goals first. Our experts are

backed by alpha-generating research, industry-

leading platforms, and analytics.

POSITClean, global dark liquidity. Average US Daily Volume of 63mm shares in 4Q 2013

ITG AlgorithmsSophisticated strategies for equities and futures

ITG Smart RoutingOne-point high-speed connection to liquidity

ITG NetGlobal FIX connectivity with trading insights

ITG Trading ServicesGlobal expertise across asset classes

Featuring: POSIT Alert

• High-quality block crossing

opportunities before they reach the

market. Average trade size is 31,000

shares.• #1 Clients’ Choice Top Five Dark

Pools, TABB US Institutional Equity

Trading Survey• #1 for Best Anonymity in a Dark Pool,

Greenwich Associates

SubtitleSubtitle

Second Quarter 2012 Earnings 1/2012Q4 2013 Earnings 1/30/14

Appendices:Platforms

14

SubtitleSubtitle

15

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.• Best EMS, Asian Investor, 2011, 2013• Best EMS, Forefactor Inc. (Canada), 2011

ITG Execution Management SystemsGlobal, broker-neutral and multi-asset EMSs

ITG Order Management SystemsGlobal, multi-asset enterprise OMS

ITG Service ModulesSolutions to improve trading transparency and operational efficiency

SubtitleSubtitle

Second Quarter 2012 Earnings 1/2012Q4 2013 Earnings 1/30/14

Appendices:Analytics

16

SubtitleSubtitle

17

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

Financial News, 2013

ITG Trading AnalyticsAlpha preservation throughout the trading process

ITG Portfolio AnalyticsPortfolio modeling, optimization, and pricing

ITG Analytics ServicesInvestment 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

SubtitleSubtitleDisclaimers

•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.

18Disclaimers