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Stock Watch: Electronic pioneer falters as it loses stock-in-trade; Big boys horn in on ITG's Wall Street system; shares drop as it plays catch-up.

Publication: Crain's New York Business
Publication Date: 30-AUG-04 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Stock Watch: Electronic pioneer falters as it loses stock-in-trade; Big boys horn in on ITG's Wall Street system; shares drop as it plays catch-up.(Stocks)(Investment Technology Group Inc.)

Article Excerpt
Byline: aaron elstein

After the republican convention and the Labor Day holiday are over, Wall Streeters will return to work in large numbers. Trouble is, not many of them will be using Investment Technology Group Inc.'s trading systems, and that spells more tough times for its already-pummeled shares.

ITG, a pioneer in electronic stock trading, has been soaked by a sea change in how Wall Street works.

The Manhattan-based company, started in 1986, prospered by enabling institutional investors...

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