The acquisition combines the strengths of two leading providers of transaction cost analysis services. ITG and Plexus clients will benefit from a more comprehensive transaction cost analysis product offering. The acquisition also expands ITGâs client base into the plan sponsor and sell-side customer segments in the US and Europe. Plexusâ customers consist of over 200 financial institutions that collectively transact over $4.5 trillion in equity trading volume.
"This acquisition expands the breadth of ITGâs analytical products and increases the range of our client base. ITG is dedicated to helping customers better navigate an increasingly complex marketplace. The combination of Plexus Groupâs consultative approach to transaction cost analysis with ITGâs reputation for superior technology, customer service and support will allow ITG to provide a comprehensive transaction cost analysis solution to a wider marketplace," stated Ray Killian, ITGâs Chairman, President and Chief Executive Officer.
"The demand for transaction cost analysis services continues to grow, and we look forward to aligning with ITG to provide clients with the best product offering possible," stated Wayne Wagner, Chairman of Plexus Group.
The transaction is expected to close within 120 days, subject to customary closing conditions.