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Investment Technology Group board ups share repurchase authorization

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Investment Technology Group board ups share repurchase authorization

Investment Technology Group Inc.'s board has authorized the repurchase of an additional 4 million shares, bringing the total number of shares currently available for repurchase to 4.4 million shares.

The company said that as previously noted, it intends to continue share repurchases in an amount sufficient to offset all the dilution from share issuances on the vesting of employee stock awards during 2018.

The timing and number of shares repurchased will depend on a number of factors, including market and business conditions and competing needs for the use of capital.