Investment Technology Group, Inc. (ITG) (NYSE:ITG), a leading independent execution broker and research provider, has appointed Etienne Phaneuf as its newest Chief Executive Officer (CEO) of ITG Canada Corporation, according to an ITG statement.
In his new role as the CEO of ITG Canada, Mr. Phaneuf will be tasked with the oversight of the group’s electronic brokerage franchise in Canada. He will be based out of Toronto, having replaced Nick Thadaney, who parted ways with ITG to head the TMX Group.
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Mr. Etienne has been a mainstay at ITG Canada for over 15 years, where he most recently served as its Managing Director and Head of Sales & Trading.
ITG recently made headlines after it reported its US trading volumes for the month ending June 2015, which came in at 4.0 billion shares. ITG’s overall June trading volume marked a 10.5% rise MoM, with trading volumes in May 2015 coming in at 3.6 billion – this corresponded to an average daily volume (ADV) of 182 million shares, marginally down by 0.08% MoM from May 2015.
ITG is a United States-based multinational agency brokerage and financial markets technology firm, catering to hedge funds and asset management clientele – the group also has a number of trading services and market research capabilities in its offering.