ITG Announces Preliminary Second Quarter 2015 Earnings Guidance, Including Reserve for Probable SEC Settlement

Also Announces Resignation of Board Member Kevin O’Hara NEW YORK, July 29, 2015 (GLOBE NEWSWIRE) -- ITG (NYSE:ITG), a leading independent execution broker and research provider, today announced that it expects its results for the second quarter of 2015 to be a GAAP net loss of $10.2 million, or $0.30 per diluted share, including a reserve for a probable settlement with the Securities and Exchange Commission (“SEC”) and related fees totaling $22.6 million pre-tax and $21.6 million after taxes, or $0.62 per diluted share. Excluding the impact of these charges, adjusted net income is expected to be $11.4 million, or $0.32 per diluted share. Probable SEC Settlement During the second quarte...