<ARTICLE> BD
<LEGEND>
This schedule contains summary financial information extracted from the
consolidated statements of financial condition and the consolidated statements
of earnings as of September 27, 1996 and for the nine months then ended and the
notes thereto and is qualified in its entirety by reference to such financial
statement filed in the 1996 Investment Technology Group, Inc. third quarter
10-Q filing.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   9-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1996
<PERIOD-END>                               SEP-27-1996
<CASH>                                          39,986
<RECEIVABLES>                                    7,572
<SECURITIES-RESALE>                                  0
<SECURITIES-BORROWED>                                0
<INSTRUMENTS-OWNED>                              6,858
<PP&E>                                           6,922
<TOTAL-ASSETS>                                  76,752
<SHORT-TERM>                                         0
<PAYABLES>                                      12,037
<REPOS-SOLD>                                         0
<SECURITIES-LOANED>                                  0
<INSTRUMENTS-SOLD>                               1,189
<LONG-TERM>                                          0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                           187
<OTHER-SE>                                      60,409
<TOTAL-LIABILITY-AND-EQUITY>                    76,752
<TRADING-REVENUE>                                    0
<INTEREST-DIVIDENDS>                             1,100
<COMMISSIONS>                                   80,654
<INVESTMENT-BANKING-REVENUES>                        0
<FEE-REVENUE>                                        0
<INTEREST-EXPENSE>                                  87
<COMPENSATION>                                  18,246
<INCOME-PRETAX>                                 29,693
<INCOME-PRE-EXTRAORDINARY>                      16,840
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                    16,840
<EPS-PRIMARY>                                     0.91
<EPS-DILUTED>                                     0.90