Investment Technology Group to Acquire Chicago B/D

Investment Technology Group, Inc. (ITG) has entered into a definitive agreement to acquire privately held RedSky Financial, LLC.
RedSky Financial is a Chicago-based broker-dealer specializing in electronic multi-asset-class trading with an emphasis on exchange-traded equity derivative products. The firm’s multi-asset trading platform, R3, facilitates high frequency trading for professional and institutional traders. R3 also offers routing for foreign exchange and fixed-income trading.
ITG plans to integrate R3’s functionality into its existing execution management systems, Triton and Radical, to give clients consolidated access to all equities, equity options, and futures, according to a press release. Triton supports equities and Radical supports equities and options.