Investment Tech Group (ITG) Announces Several Management Changes

July 14, 2011 8:04 AM EDT
Investment Technology Group, Inc. (NYSE: ITG), announced appointments to key roles in the firm's leadership.

David Stevens will take on a new role as Head of U.S. and Latin America, based in New York. Stevens was most recently CEO of ITG's Asia Pacific business and previously ran ITG's European operations.

Jamie Selway has been named ITG's Head of Liquidity Management, as well as ITG's derivatives business. ITG Liquidity Management includes the firm's POSIT crossing network and its Smart Routing and Algorithmic trading units.

Jeff Bacidore is joining ITG as head of algorithms, reporting to Selway. Bacidore previously served as head of algorithmic trading and trading research at Goldman Sachs Asset Management and as director of research at the NYSE.

Ralph Edwards has joined the firm as ITG's derivatives strategist. Edwards has more than three decades of options trading experience, starting on the CBOE and continuing at several major Wall Street firms, most recently launching an options business for Sanford C. Bernstein.


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