ITG Closes Transaction to Sell Calgary-Based Research Unit

NEW YORK, Dec. 22, 2015 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent broker and financial technology provider, today announced that it has closed its transaction to sell the Calgary-based unit of ITG Investment Research (the “energy research group”) to Warburg Pincus, a global private equity firm focused on growth investing. With the closing of this transaction, effective immediately the energy research group will operate under the new name RS Energy Group (“RSEG”). ITG will continue to provide the energy research to its institutional clients, serving as the exclusive sales partner for institutional investors.   Michael Marrale, Head of Research, Sales & Trading at ITG...