ITG Europe, an electronic equities-crossing service, reported record revenues for fourth-quarter 2002.

Revenues totalled £3.9m (€5.9m) in the fourth quarter, up from £3.3m a year earlier. Fourth-quarter revenues were £400,000 higher than the previous quarter. Total revenues for 2002 were £12.1m versus £11.5m the previous year. ITG added 18 new customers in the quarter and had 213 customers executing trades in 2002 - almost 50% growth from 2001. Alasdair Haynes, chief executive of ITG Europe, said that about 20% of ITG's overall European revenues came from continental Europe. ITG, a subsidiary of Investment Technology Group, operates the Posit intraday equities-crossing system.