First quarter profits after tax at Investment Techology Group, the software suppliers soared by 60% compared with the same period last year as revenues grew to $91.7m (€70.7m). ITG runs Posit, the world's largest equity matching system.

After-tax profits at ITG for the three months to the end of March came in at $13.2m. The profits came on quarter revenues for the period of $91.7m (€70.7m), up 18% on the same period last year.